Planning for taxation in retirement.

[Etini]

To plan for taxes in retirement, consider the following steps:
1) Understand the tax implications of your retirement income sources, such as social security, pensions, and investment income.
2) Consider tax-efficient strategies for withdrawing money from retirement accounts, such as Roth conversions or laddering traditional IRA withdrawals.
3) Plan for potential changes in your tax bracket and the taxes on your investments.
4) Make sure you are taking advantage of all available tax deductions and credits.
5) Seek guidance from a financial advisor or tax professional to ensure your plan is tailored to your specific situation.

 

[Monster Masterpiece]

@Etini tax for retirements are debited before getting the retirement pension so you should not think a lot of this. State are clever and doesn't let people pay tax themselves as there is tax evasation.

 

[Good-Person]

Well, there are many people who get tax exemptions at certain age in many countries. However, this is not the case in my country as many old people also have to pay taxes.

 

[Nomad]

You mostly pay taxes on your earned income, when you are retired, you do not have earned income, so you do not have to pay taxes. You might pay other taxes on your assets (house, for example)

 

[Bisolami]

@Etini tax for retirements are debited before getting the retirement pension so you should not think a lot of this. State are clever and doesn't let people pay tax themselves as there is tax evasation.

You are right about this so I don't think it is necessary to think about paying tax when you have retired