This is Part 2 of our Hidden Risks series, and we’re shifting focus to one of the biggest long-term threats to your retirement: taxes. Some risks don’t hit all at once, they slowly wear down your plan over time. Scott breaks down how tax decisions shape your income, flexibility, and long-term outcomes. If Part 1 was about protecting your plan, this one is about keeping more of what you’ve built.

Here’s what we cover in this episode:

💸 Tax Drag: Small inefficiencies add up over time

🪣 Tax Buckets: Where your money sits matters

📉 RMD Pressure: Forced withdrawals can raise taxes

🏥 IRMAA Risk: Income can increase Medicare costs

👥 Survivor Impact: Taxes can rise after a spouse passes

Watch Part 1: The Hidden Risks That Could Derail Your Retirement: What Most People Forget to Protect - https://youtu.be/BY0UpdmV5cg 

💼 Want expert help in planning for your financial future?

Apply for a consultation here 👉 https://calendly.com/erg-kc/introductory-phone-call-with-erg

📞 Call us: 913-393-4724

🌐 Visit our podcast website:  https://listentoscott.com/

📚🛠️ Check out Scott's book, Exceptional Retirement, and Retirement Toolkit

Download here 👉 https://keap.page/bu413/exceptional-retirement-youtube.html

🎥 Subscribe to our YouTube channel for more retirement insights!

🔔 http://youtube.com/@erg-kc?sub_confirmation=1

📰 Read our latest articles on Kiplinger:

https://www.kiplinger.com/author/scott-m-dougan-rfc-investment-adviser

📌 Follow us for expert retirement planning tips!

https://www.facebook.com/elevatedretirementgroupkc/

#retirement #retirementplanning