Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

8 Crucial Things Most Retirees Don’t Know About Taxes in Retirement

May 22, 2020 · Saving & Spending

After long years of hard work, you just want to sit back, relax, and enjoy your hard-earned money. Unfortunately, life gets in the way, or better said taxes. If you know the ins and outs, you can successfully claim your Social Security benefits and make withdrawals from IRAs and 401(k)s without having to pay taxes on the amounts taken.

Unfortunately, taxes work in intricate ways and many retirees end up paying more to Uncle Sam than they really should. To avoid paying more in taxes than necessary, here are 8 blunders retirees usually make when it comes to taxes in retirement. Did you know the answer to any of these questions?

Pages: 1 2 3 4 5 6 7 8 9

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • What $3,000 a Month Really Looks Like in Retirement Based on Where You Live What $3,000 a Month Really Looks Like in Retirement Based on Where You Live
  • An older couple in casual clothes sitting at a wooden kitchen table, looking at a tablet together in warm natural light. Here's What the Average Social Security Check Is in August (How Do You Compare?)
  • A retired couple walks down a peaceful, tree-lined suburban sidewalk during the warm golden hour. 10 Best Retirement Cities With Peaceful Neighborhoods
  • 10 Small Towns Where Retirees Can Live Like Millionaires 10 Small Towns Where Retirees Can Live Like Millionaires
  • An older veteran looking skeptically at a tablet showing a $10,000 XRP claim, watercolor illustration. American Veterans Are About to Receive $10,000 in XRP From Ripple - More Here!
  • A retired couple standing on a sunny balcony in Europe overlooking a coastal town at sunset. 10 Things to Know About Retiring Abroad
  • A thoughtful 68-year-old man sitting on his porch during golden hour, holding a warm mug. Here's the Average Social Security Benefit of 68-Year-Old Americans (How Do You Compare?)
  • A stylized gouache illustration of a couple walking along a path divided into Taxable, Tax-Deferred, and Tax-Free segments. In What Order Should You Tap Your Retirement Funds? (Find Out Here!)
  • An active retired couple laughing together on a wooden lakeside porch in New Hampshire during a warm autumn morning. The 10 States Where Retirees Receive the Highest Median Social Security Benefit Checks
  • A retired couple hiking hand-in-hand along a scenic desert trail lined with cacti during a warm, golden sunset. 20 Affordable Desert Towns Retirees Are Falling in Love With

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

12 Common Tax Mistakes That Could Lead to an IRS Audit

What are the chances of getting an IRS audit? More importantly, what are YOUR odds?…

Read More →

11 Reasons Why Baby Boomers Aren’t Prepared To Retire

Baby boomers might be the luckiest generation we had ever known. They were born at…

Read More →

9 Types of Income That Can’t Be Taxed During Retirement

There are lots of things Uncle Sam can’t touch — so long as you play…

Read More →

Not A Member? Here’s 9 Ways You Can Still Shop At Costco

Having a household to run, no matter the size requires some strategic planning saving and…

Read More →
A happy senior couple enjoying a bright, modern kitchen together.

15 Things That Make Seniors’ Lives Easier

Discover 15 practical tools, home modifications, and services designed to simplify daily routines, enhance safety,…

Read More →
A retired couple smiling while looking at a map on a sunny porch.

Best Places in Every State to Live on a Fixed Income

Discover the most affordable, senior-friendly cities in all 50 states to help you stretch your…

Read More →

If You Want to Retire Early Cut These 5 Expenses Now!

Have you heard of the FIRE movement? Reaching FIRE status is something more and more…

Read More →
An active senior couple happily taps a transit card to board a modern city light rail train during warm afternoon light.

Why Some Retirees Are Eligible for Free or Reduced Public Transit Passes – See If You Qualify

Learn how retirees can drastically lower their transportation expenses by qualifying for free or reduced-fare…

Read More →

9 Things Seniors Didn’t Know They Could Get for Free or Discounted

Why pay full price- or better yet, why pay at all when you can enjoy…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

About Us

Editorial Policy

Advertiser Disclosure

Frequently Asked Questions

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.