What Counts as Income in Retirement?

What Counts as "Income" in Retirement?
Understanding what counts as income in retirement is crucial for effective financial planning. In this episode of Berry's Bites, attorney and financial adviser Chris Berry from Castle Wealth Group Legal breaks down the key sources of income retirees need to consider, including required minimum distributions (RMDs), pre-tax account withdrawals, pensions, and Social Security. He also discusses how these income sources impact taxes, Medicare, and health insurance decisions. Don't miss these essential insights to help you plan for a financially secure retirement!
Topics covered:
What qualifies as taxable income in retirement
The impact of pensions and lump-sum buyouts
How Social Security benefits are taxed
Why income levels matter for Medicare and insurance choices
Stay informed about your retirement finances-watch now!
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Certified Elder Law Attorney™ and Certified Financial Planner™
Castle Wealth Group - Helping Good Families Plan, Protect and Preserve What is Important
(844)-885-4200 | CastleWealthGroup.com | MichiganEstatePlanning.com
Plans that span far and wide.
Advisory services are offered through Castle Wealth Group Investments, an Investment Advisor in Michigan. Insurance products and services are offered through Castle Wealth Group, an affiliated company. All content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. Nor is it intended to be a projection of current or future performance or an indication of future results. Purchases are subject to suitability. This requires a review of an investor’s objective, risk tolerance, and time horizons. Investing always involves risk and possible loss of capital. Insurance products and services are offered through Castle Wealth Group, an affiliated company.
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