Retirement Tax-Planning 101
Date: Wednesday, December 9
Time: 6:30 p.m. to 8:00 p.m.
Location: Johnson County Sunset Drive Office Building, 11811 S. Sunset Drive in Olathe Map to Sunset Building
Fee: Free, but please register by calling 913-715-7000
Instructor: Rick Sheahan with TaxesPlus, Inc.
There are many life-events that impact your taxes such as getting married, having children, buying a house, or starting a business. However, few cause as much confusion and unexpected taxes as reaching retirement age and taking social security and/or withdrawing from retirement accounts.
This class helps you to understand the tax impact on you and your family in the following areas:
Tax Impact of:
- Withdrawing money out of my retirement plans – 401k, Pension, IRA, Roth-IRA, etc.
- Making Estimated Payments to avoid a BIG tax bill on April 15th
- Part time job income – How much do I have withheld?
- My Spouse passing away – Spousal & Beneficiary IRA’s
- “I hit the Jackpot” – Gambling winnings
- Gifts – Giving & Receiving
- Transfer on Death (TOD) – passing on my assets
- The Kansas $75,000 Adjusted Gross Income Cliff – Oops my Social Security just became taxable in KS
- Dispelling “Retirement” Myths about filing taxes:
a. “I don’t have to file if I’m over age 70”
b. “My Gambling winnings aren’t taxable if I lose as much or more than I win”
c. “My Social Security payments aren’t taxable”
d. “I don’t have to pay taxes on money I get from my pension or retirement”