The Retirement Tax Podcast

Latest Episodes:

The IRS's dirty dozen - 2023 edition, ep.49 Sep 15, 2023

Show notes

In this episode Steven and Ben are back to share the latest from the IRS on where they are seeing fraud and scams happen. Hopefully none of these apply to you but it's always good to know what to be on the look out for so you can be one step ahead of the "bad guys". Steven and Ben share their insight on which ones on the IRS's list you should keep an eye on and how to make sure you keep yourself protected.

https://bit.ly/3sKYRDB

Health Savings Accounts (HSAs) - what you need to know, ep.48 Sep 01, 2023

Show notes

This episode was prompted by a Financial Advisor's question who follows along with Ben and Steven (there are always new things to learn, even for professionals!). Join the discussion as our hosts talk through the details you need to know and the actions you can take so you are getting the most out of this incredible tax savings tool. Listen through to the end so you can hear the question and answer so you are better prepared to understand the options when an HSA holder passes away.

https://bit.ly/3DUWVdP

Inherited IRA rules changed...AGAIN! Ep.47 Aug 15, 2023

Show notes

In this week's episode Steven and Ben talk about the most recent IRS notice that once again changed some of the rules on what you have to do with inherited IRAs. This notice is so recent that Ben came with the questions he wanted get answers on as well. As always Steven and Ben talk through the details but also give you tips on how you can apply this to your own situation and take action to potentially reduce your taxes over time. Listen through to the end as they cover some related topics on required minimum distributions and planning for your beneficiaries that go beyond the IRS notice.

https://bit.ly/3s1nyLE

Don't Trust the internet, ep.46 Aug 01, 2023

Show notes

In this episode, Steven and Ben discuss themes that come up online around "tax planning" and share their thoughts on how you should be looking at them. They give specific examples of strategies that are worth looking into and ones that are more sizzle than steak. More than anything they reinforce the importance of making sure you (or a professional you work with) are taking the time to understand the details and not make decisions based on headlines or TikTok videos. Ben and Steven advocate for focusing on the small, consistent things that can be done over time to sand the rough edges off of your lifetime tax bill instead of getting caught up in the latest tax fad.

https://bit.ly/3D8b33k

Getting Real about Aunt IRMAA, ep.45 Jul 15, 2023

Show notes

Join Ben and Steven as they discuss everyone least favorite tax relative: IRMAA. You hear the acronym all the time but our dynamic duo takes a few minutes to dive into how IRMAA really works and the important things to keep in mind when IRMAA starts effecting you. They also discuss opportunities for potentially lowering you IRMAA related income and the form you can use to request a waiver of premium increases in a year where your income drops, like the first year of retirement. In case you missed it in a previous episode, Steven and Ben also chat about the recent webinar they recorded all about long term tax planning and that the recording is available to everyone who listens to the podcast.

https://bit.ly/46AvsLD

What to do when something goes wrong on taxes, ep.44 Jul 01, 2023

Show notes

Of course we all work to do everything right the first time, but life happens! When it comes to taxes, having something go wrong can feel daunting if not down right scary. In this episode Steven and Ben talk about some of the common mistakes that can come up on tax returns and what to do if you happen to make a mistake. Sometimes the best intentions aren't enough so it's important to know what steps to take when this situation arises for you. Stay tuned to the end as Ben and Steven answer listener questions focused on the difference between leaving money in an employer sponsored retirement plan as opposed to rolling everything into an IRA.

https://bit.ly/3JwhosU

Tools of the Trade with special guest Jason Parker, ep. 43 Jun 15, 2023

Show notes

For the first time the Least Boring Tax podcast welcomes a guest to the show. Jason Parker is the host of the Sound Retirement Radio podcast and like Ben and Steven, is on a mission to help as many people as possible with retirement. Jason has created an online retirement specific budgeting tool that even covers taxes at a high level and comes on the show to talk about how this tool came about and the community he has built around it. Steven and Jason share their thoughts on getting ready for retirement and how to balance tools and expert guidance.

https://bit.ly/3Mtj9Yx

"Will the IRS find out" is the wrong question. ep. 42 Jun 01, 2023

Show notes

In this episode Ben and Steven discuss the difference between "reportable income" and "taxable income", particularly as it relates to taxpayers doing contract and consulting work (a.k.a "side gigs"). Of course, reporting all of your income is important but this is still the Least Boring Tax podcast and all about helping you sand off the rough edges of your tax bill. Listen in as Steven and Ben go through some of the deductions you may be able to claim against your non-employment income to help lower the amount of your hard-earned money the IRS keeps every year.

https://bit.ly/423GxkT

Special Invitation! May 18, 2023

Show notes

There's less than a week as we are counting down until the May 24 Webinar from the co-hosts of the Least Boring Tax podcast (aka the Retirement Tax Podcast): Benjamin Brandt, CFP and Steven Jarvis, CPA.

At this Power Session, our co-hosts will share how you can calculate your Retirement Tax bill and just as importantly, what you can do to start sanding the rough edges off of that bill.

Don't forget your 2022 tax return so you can follow along and immediately start applying what you learn! Get ready to go through the real math on estimating your future tax bill so you can see why this is such an important topic.

Hurry up and get registered!

https://www.go.retirementtaxservices.com/rtp-webinar-a

To DIY or not to DIY your taxes, ep. 41 May 15, 2023

Show notes

There is something very satisfying about being able to do something yourself (like taxes) that many people have done by a professional, but is it always a good idea? Steven and Ben discuss the benefits of being a DIYer on taxes and when they see it go really well. Our hosts also discuss signs to be on the look out for that it might time to get some extra help. Steven even shares his own experience with DIYing other things in life and getting to the point where he was just ready to let someone else worry about it for him so he could enjoy more of life.

https://bit.ly/3Avxjmo

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