How to calculate tax withholding in retirement

How much tax to withhold from your retirement income sources is common question. It's confusing because most tax payers pay a blended tax rate and deductions also make things fuzzy. This video describes how you can calculate your actual tax rate and translate that into the correct withholding amount from IRA distributions, Social Security and pensions. And, yes those are my kids screaming for me at the very end..."DAD!!!!" LOL. 😆

👉 My professional focus is retirement planning for individuals age 55+. Please visit my website or reach out for a conversation. Thanks for watching! 😀

Ted Erhart, CFP®
Financial Planner
Anoka, Minnesota
www.norrislakeretirement.com
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Norris Lake Financial Planning is a SEC registered investment advisor able to conduct advisory business in states where it is registered, exempt or excluded from registration. All contents contained herein should not be construed as an offer or solicitation for investment advice or for the offer or sale of any security, insurance or other investment product. Data contained here is obtained from believed reliable sources, however, cannot be guaranteed. Investments contain a risk of loss. Please consult a qualified legal, tax or accounting professional before implementing any investment or strategy discussed.