The Retirement Tax Trap – And How to Avoid It

2025-07-02

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will go down. Spoiler alert—they often don't. In fact, many retirees find themselves paying more in taxes than when they were working. David walks listeners through the difference between mandatory and optional taxes, reveals why Required Minimum Distributions (RMDs) can cause major tax headaches, and explains how Social Security can be taxed up to 85%—unless you plan ahead. He introduces the Thrive Planning Framework, which includes proactive strategies like: Strategic Roth Integrations Avoiding the

will go down. Spoiler alert—they often don't. In fact, many retirees find themselves paying more in taxes than when they were working.

David walks listeners through the difference between mandatory and optional taxes, reveals why Required Minimum Distributions (RMDs) can cause major tax headaches, and explains how Social Security can be taxed up to 85%—unless you plan ahead.

He introduces the Thrive Planning Framework, which includes proactive strategies like:

Strategic Roth Integrations
Avoiding the Tax Torpedo
Planning around the Widow's Penalty
Shifting from micro tax prep to macro tax strategy

Whether you're in your 60s and still working or already retired, this episode is packed with practical insights to help you keep more of your money and design a tax-smart retirement that thrives with purpose and clarity.

BONUS: David also shares upcoming dates for free educational dinner seminars in July and explains how you can schedule a 15-minute tax savings call or a full Thrive Evaluation.

📞 Call: 501-501-7992
🌐 totalwealth.com

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