What Counts as “Income” in Retirement?

Understanding what counts as income in retirement is crucial for effective financial planning. In this episode of Berry’s Bites, attorney and financial adviser Chris Berry from Castle Wealth Group Legal breaks down the key sources of income retirees need to consider, including required minimum distributions (RMDs), pre-tax account withdrawals, pensions, and Social Security. He also discusses how these income sources impact taxes, Medicare, and health insurance decisions. Don’t miss these essential insights to help you plan for a financially secure retirement!

Topics covered:

What qualifies as taxable income in retirement
The impact of pensions and lump-sum buyouts
How Social Security benefits are taxed
Why income levels matter for Medicare and insurance choices

Stay informed about your retirement finances—watch now!

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