PFP2612. Smart Retirement Decisions: Timing, Taxes and Benefit Optimization

This session will focus on strategies for maximizing retirement income while minimizing impact on Medicare Income-Related Monthly Adjustment Amount (IRMAA) and income tax deductions. Presenters will focus on the alignment of Social Security, Medicare, retirement plan distributions/conversions, and tax deductions into a unified retirement income strategy.

Learning Objectives:

• Apply a holistic approach to the timing of retirement income and plan distributions to protect against longevity risk and minimize impact of income taxes.
• Choose strategies to plan for Medicare Income-Related Adjustment Amount (IRMAA) and deduction phase-outs.
• Analyze case studies showing the effect of various retirement income decisions.