In this episode of the Smart Wealth & Retirement Podcast, financial advisors and retirement planners Jim Martin & Casey Bibb of Martin Wealth Solutions break down key tax planning considerations for retirees coming out of 2025 and heading into 2026.

Jim and Casey discuss why taxes remain one of the biggest — and most controllable — risks in retirement. They cover topics such as changing tax brackets, required minimum distributions (RMDs), Roth strategies, capital gains planning, and how proactive tax decisions can significantly improve long-term outcomes.

Rather than focusing on predictions, this episode emphasizes flexibility, planning, and awareness, helping retirees and pre-retirees understand where opportunities and pitfalls may exist in the coming years.

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Episode Breakdown

00:00 – Introduction: Why tax planning matters more in retirement
01:36 – Why retirees need to think differently about taxes
03:02 – Current tax brackets and why future changes matter
04:56 – The role of RMDs in retirement tax planning
06:42 – Roth conversions: when they make sense (and when they don’t)
08:34 – Managing taxable vs. tax-deferred accounts
10:18 – Capital gains planning and investment taxation
12:04 – How Social Security benefits are taxed
13:52 – Medicare premiums and tax-related surcharges
15:24 – Coordinating income sources to reduce tax drag
17:06 – Common tax planning mistakes retirees make
18:56 – Action steps to consider for 2025–2026
20:24 – Final thoughts and closing

Disclaimer

Opinions expressed herein are solely those of Martin Wealth Solutions, unless otherwise specifically cited. Material presented is believed to be from reliable sources, but no representations are made by our firm as to another parties’ informational accuracy or completeness. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that any statements, opinions or forecasts provided herein will prove to be correct. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.