EXPLAINED: The Widow’s Tax Penalty — What Every Spouse Must Plan For

Описание: 00:00 - Intro
00:50 - Qualifying Surviving Spouse
01:16 - Brief Timeline Walkthrough
01:18 - Year Of Death – You Can Still File As Married Filing Jointly
01:30 - First Year After Death
01:55 - Second Year After Death
01:59 - Third Year After Death And Beyond
03:10 - Why This Matters For Retirees
03:41 - Example
07:03 - Example 2 - Bill Passes Away
12:41 - Planning Ahead
12:46 - Model The Single Filer Scenario
13:03 - Consider Strategic Roth Conversions While You’re Still Married And In Lower Tax Brackets
13:23 - Manage RMD Growth
13:39 - Time Big Income Events
13:50 - Watch For Medicare IRMAA Thresholds
14:48 - Bloopers

Learn how the widow’s tax penalty can dramatically increase your tax bill in retirement — even if your income goes down. We’ll break down how losing a spouse changes your filing status, reduces your standard deduction, shrinks your tax brackets, and increases the taxable portion of your Social Security. You’ll see real-life examples showing how the same income can result in much higher federal taxes and potential Medicare IRMAA surcharges. Plus, discover actionable tax planning strategies to protect your income and avoid this hidden tax trap.

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Disclaimer: Please note that this video is made for entertainment purposes only and not to be taken as financial advice. Always make sure to do your own research.

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