#48 - How to Pay Taxes in Retirement: What You Need to Know

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What happens when you retire and no longer receive a paycheck? How do you pay your taxes in retirement?

This week on The Simply Retirement Podcast, I dive into this common concern among retirees. With the tax season freshly behind us, now's a great time to address how you'll handle taxes in your golden years.

Tune in to learn about:

Navigating IRS expectations for tax payments without a regular paycheck
Options for tax withholding from Social Security, pensions, and IRAs
Understanding marginal versus average tax rates in retirement
The advantages of estimated quarterly tax payments
The rule of mandatory 20% tax withholding from company retirement plans
The importance of consulting a knowledgeable financial advisor or tax professional
And more!