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Retirement Plan Checklist: https://bit.ly/4tUaq6c Chapters: 0:00 - How is tax planning different from tax preparation? 3:24 - Why does my CPA need to see my full financial plan? 5:47 - Will I save more on taxes if I bunch my charitable gifts? 8:36 - Should I put my 401(k) money into a Roth or Traditional account? 13:41 - What is the 2026 "super catch-up" contribution for ages 60 to 63? 15:27 - How does diversifying my accounts lower my taxes? 18:30 - Can I take the new $6,000 senior deduction? 20:29 - How do I get a 0% tax rate on my capital gains? (As a married couple over 65) 24:25 - Which account should I take money from first in retirement? 31:57 - Will I lose my tax deduction if I sell and rebuy a stock? 32:51 - Why did my Medicare cost go up even though I'm retired? (Understanding IRMAA) You can lower your lifetime tax bill by using forward-looking tax planning instead of just tax prep. Learn how the new $6,000 senior deduction works. Should I itemize my deductions in 2026? You should only itemize if your total qualified expenses—such as mortgage interest, state and local taxes (SALT), and charitable gifts—exceed the new $32,200 standard deduction for married couples or $16,100 for single filers. Because the One Big Beautiful Bill Act made the ballooned standard deduction permanent while raising the SALT cap to $40,400, a large majority of Americans will find it more tax-efficient to take the standard deduction rather than tracking individual receipts.

Sources: Insights provided by Dean Barber and Corey Hulstein, CPA of Modern Wealth Management.

2026 Tax Brackets: IRS Makes Inflation Adjustments by Modern Wealth Management: https://www.modwm.com/2026-tax-brackets/

2026 401(k) and IRA Contribution Limits by Modern Wealth Management: https://www.modwm.com/2026-401k-and-ira-contribution-limits/

Questions and Answers on the Net Investment Income Tax by IRS.gov: https://www.irs.gov/newsroom/questions-and-answers-on-the-net-investment-income-tax

___________ Investment advisory services offered through Modern Wealth Management, LLC, a registered investment adviser. The views expressed represent the opinion of Modern Wealth Management a Registered Investment Adviser. Information provided is for illustrative purposes only and does not constitute investment, tax, or legal advice. Modern Wealth Management does not accept any liability for the use of the information discussed. Consult with a qualified financial, legal, or tax professional prior to taking any action.