The Tax Torpedo That Hits Mid-Income Retirees

What this episode covers

Episode 15 examines the 'tax torpedo' — the hidden tax spike that hits retirees with modest 401k and IRA withdrawals when combined with Social Security benefits. Using a concrete example of a couple with $60,000 in annual income, we explain how provisional income formulas cause marginal tax rates to spike to 40% or higher on every additional dollar withdrawn. Lucas and Luna break down why the conventional 'wait until 70 to take Social Security' advice can backfire, how Roth conversions before retirement can defuse the torpedo, and why many retirees only discover this trap when they file their first tax return after claiming benefits. A must-listen for anyone approaching retirement with a combination of pre-tax accounts and Social Security. #TaxTorpedo #SocialSecurity #RetirementTaxes #RothConversion #ProvisionalIncome #MarginalTaxRate #RetirementPlanning #401k #IRA #TaxPlanning #FexingoBusiness #BusinessPodcast #Finance #RetirementWithdrawal #MidIncomeRetirees #TaxSpike #SequenceOfReturns #SecureAct Keep every episode free: buymeacoffee.com/fexingo

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Frequently Asked Questions

How long is this episode of Retirement Planning with Fexingo: 401k, IRA, and Saving for Your Future?

This episode is 9 minutes long.

When was this Retirement Planning with Fexingo: 401k, IRA, and Saving for Your Future episode published?

This episode was published on May 27, 2026.

What is this episode about?

Episode 15 examines the 'tax torpedo' — the hidden tax spike that hits retirees with modest 401k and IRA withdrawals when combined with Social Security benefits. Using a concrete example of a couple with $60,000 in annual income, we explain how...

Can I download this Retirement Planning with Fexingo: 401k, IRA, and Saving for Your Future episode?

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