The IRS Penalty Retirees Never See Coming (And How to Beat It)

Comments · 46

• EV

  @EvenBetterRetirement · 3 months ago · pinned

  Link to Morningstar article: <a href="https://www.morningstar.com/personal-finance/5-ways-avoid-tax-penalties-2026">https://www.morningstar.com/personal-finance/5-ways-avoid-tax-penalties-2026</a>

• PM

  @pmoore444 · 3 months ago

  Your videos are excellent - your calm voice, information structure, helpful graphics - all are so well done. I also appreciate you giving credit to the article that inspired your video topic.

  11

• FL

  @flygirl5633 · 3 months ago

  Thank you!! &nbsp;You just become my favorite retirement channel - simply the cold, hard financial/tax facts and examples including single people. &nbsp;Most others on YouTube always cite examples for couples, ignoring the fact that 30% to 40% of the over 55 population in the US are single.

  5

• BI

  @billyrocket62 · 3 months ago

  Very good video, thank You for that. I just paid a $136. Penalty for underpaying taxes on a 401-K to Roth conversion from last year. Not a huge deal, but lesson learned! 😊 <br>It&apos;s weird how when you get home and find an unexpected letter from the IRS. Your brain says &quot;oh crap!&quot; before you even open the letter. 😅

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• BO

  @boxster1970 · 2 months ago

  Great video - I&apos;ve been paying my taxes from my RMDs since I started RMDs five years ago to avoid quarterly tax filing.

• LR

  @LR-jk2jk · 3 months ago

  Great stuff, thank you.

  2

• LK

  @LKDale-r1e · 2 months ago

  Brilliant! &nbsp;Thank you so much. &nbsp;Very helpful

  1

• MA

  @mapsandglobespro · 3 months ago (edited)

  Thanks for another very informative video. I&apos;ve got 2 FIA&apos;s, 2 pensions and a brokerage account funded by a former 401K, now IRA. When I planned my withholding from each of these accounts, I wrote 22% federal and 6% state. I&apos;ve been doing Roth Conversions before and now during the 1BBB law. I&apos;m nearing 68, and last year converted $30K, I actually received over $3K back from the feds. Albeit I paid a little into state. I paid nothing after the Roth conversion, thanks to the 1BBB.

• SH

  @sherryclink3400 · 1 month ago

  And then there are state estimated taxes that might need consideration.

• Y.

  @Y.T.Learner · 3 months ago

  I’ve been waiting for this, Thanks Ben! &nbsp;I’m a new newsletter subscriber and I’m catching up on old podcasts on my iPhone too. ❤

  1

• ST

  @steveinfc · 3 months ago (edited)

  Ron Popeil was not on my bingo card today! (Wonder if my Ronco stock is worth anything) 😂

  3

• SH

  @SheSpeaksTruthRC · 3 months ago

  I have really been wondering about taxes with big ROTH conversions at the end of the year, &nbsp;no idea about the 2210 form so this is awesome. &nbsp;Def have some unique Tax issues with my retirement coming up since my income won’t be consistent. Very helpful

  6