The Retiree's Tax
Planning Guide
You know your own financial
situation better than anyone else.
The Retiree’s Tax Planning Guide is
designed to help you use that
knowledge to identify potential tax
savings opportunities.
The Guide also gives you the
information you need for productive
discussions of tax savings ideas
with your tax adviser.
The 280 page Guide is easy to use. It
is in computer searchable .pdf
format with a table of contents and
clickable links that allow you to go
directly to the material you need.
The Guide also contains clickable
links to an extensive glossary
defining the terms used.
More about the Guide
The Table of Contents
An excerpt from the Guide
Planning Guide
You know your own financial
situation better than anyone else.
The Retiree’s Tax Planning Guide is
designed to help you use that
knowledge to identify potential tax
savings opportunities.
The Guide also gives you the
information you need for productive
discussions of tax savings ideas
with your tax adviser.
The 280 page Guide is easy to use. It
is in computer searchable .pdf
format with a table of contents and
clickable links that allow you to go
directly to the material you need.
The Guide also contains clickable
links to an extensive glossary
defining the terms used.
More about the Guide
The Table of Contents
An excerpt from the Guide
Related Articles Published
by the Author of the Guide
To read an article, click on its
title.
Conversions to Roth IRAs and
Roth Recharacterizations,
JOURNAL OF RETIREMENT PLANNING,
Nov.-Dec. 2005 at p.11. (For new
developments, click here.)
Maximizing Tax Deferral for Funds
in Tax-Favored Retirement Plans
and IRAs, 3 CCH FINANCIAL AND
ESTATE PLANNING ¶ 32,871 (2006);
JOURNAL OF RETIREMENT
PLANNING, Jan.-Feb. 2006 at p.15.
(New developments, click here.)
Tax Issues Complicate the Costs of
Chronic Illness and Long-Term
Care Insurance, reprinted from the
JOURNAL OF TAXATION, Apr. 2007,
at p.216.
Controlling and Minimizing the
Taxation of Disability Benefits,
reprinted from THE TAX LAWYER,
Spring 2007, at p.725.
For a complete listing, click here
by the Author of the Guide
To read an article, click on its
title.
Conversions to Roth IRAs and
Roth Recharacterizations,
JOURNAL OF RETIREMENT PLANNING,
Nov.-Dec. 2005 at p.11. (For new
developments, click here.)
Maximizing Tax Deferral for Funds
in Tax-Favored Retirement Plans
and IRAs, 3 CCH FINANCIAL AND
ESTATE PLANNING ¶ 32,871 (2006);
JOURNAL OF RETIREMENT
PLANNING, Jan.-Feb. 2006 at p.15.
(New developments, click here.)
Tax Issues Complicate the Costs of
Chronic Illness and Long-Term
Care Insurance, reprinted from the
JOURNAL OF TAXATION, Apr. 2007,
at p.216.
Controlling and Minimizing the
Taxation of Disability Benefits,
reprinted from THE TAX LAWYER,
Spring 2007, at p.725.
For a complete listing, click here
The Retiree's Tax Planning Guide ----------------------------------------------------- Employer Retirement Plans, IRAs, Annuities, Social Security, Etc. By Vorris J. Blankenship, J.D., CPA (ipdf format) |
Price - $27.95
The author of the Guide, Vorris J.
Blankenship, is a California attorney
and CPA, and is a frequent contributor
to tax law journals. Before retiring, he
practiced for more than 35 years as a
tax lawyer and CPA in Chicago and
San Francisco. As a retiree himself,
Mr. Blankenship has personally used
many of the tax-saving techniques
explained in the Guide.
Blankenship, is a California attorney
and CPA, and is a frequent contributor
to tax law journals. Before retiring, he
practiced for more than 35 years as a
tax lawyer and CPA in Chicago and
San Francisco. As a retiree himself,
Mr. Blankenship has personally used
many of the tax-saving techniques
explained in the Guide.
Tax Planning Ideas for Retirees
The Guide describes actions you may take to reduce your taxes during your retirement
years. For example, you may save taxes and enhance your retirement income – if you:
• Maximize the nontaxable amount of your retirement plan benefits by taking a lump sum
distribution limited to your previous contributions. (Sections 3:5 and 11:10 of the Guide
explain this planning strategy.)
• Plan the order and timing of (a) retirement plan rollovers and (b) IRA distributions – to
maximize the nontaxable amount. (Section 6:3.2 of the Guide.)
• Eliminate withholding tax on retirement plan distributions by making a trustee-to
trustee rollover to your IRA. (Section 3:7 of the Guide.)
• Elect to defer tax on the distribution to you of your employer’s stocks and bonds.
(Section 3:6 of the Guide.)
• Carefully consider whether (and when) you should transfer your regular IRA or retirement
plan assets to a Roth IRA. See a relevant excerpt from the Guide.
• Plan the order and timing of (a) retirement plan rollovers and (b) Roth IRA conversions
– to maximize the nontaxable amount. (Section 7:1.1 of the Guide.)
• Reverse your previous conversion of an IRA to a Roth IRA – because of changed
circumstances. (Section 7:1.4 of the Guide.)
• Obtain temporary use of retirement or IRA funds without paying tax or interest on the
funds. (Sections 3:7, 5:4, 6:4, and 7:2 of the Guide explain this technique.)
• Defer or accelerate income or deductions between tax years to minimize tax on social
security benefits. (Section 2:2.4 of the Guide.)
• Choose distribution alternatives that delay taxation of required minimum distributions
from retirement plans and IRAs. (Section 2:2.2 and 2:3 of the Guide, and Chapter 9
generally.)
• Take a partial lump sum distribution from a personally purchased annuity or a funded
nonqualified plan after the annuity has started – rather than before. (Sections 11:9
and 15:4 of the Guide.)
More planning ideas
The Guide describes actions you may take to reduce your taxes during your retirement
years. For example, you may save taxes and enhance your retirement income – if you:
• Maximize the nontaxable amount of your retirement plan benefits by taking a lump sum
distribution limited to your previous contributions. (Sections 3:5 and 11:10 of the Guide
explain this planning strategy.)
• Plan the order and timing of (a) retirement plan rollovers and (b) IRA distributions – to
maximize the nontaxable amount. (Section 6:3.2 of the Guide.)
• Eliminate withholding tax on retirement plan distributions by making a trustee-to
trustee rollover to your IRA. (Section 3:7 of the Guide.)
• Elect to defer tax on the distribution to you of your employer’s stocks and bonds.
(Section 3:6 of the Guide.)
• Carefully consider whether (and when) you should transfer your regular IRA or retirement
plan assets to a Roth IRA. See a relevant excerpt from the Guide.
• Plan the order and timing of (a) retirement plan rollovers and (b) Roth IRA conversions
– to maximize the nontaxable amount. (Section 7:1.1 of the Guide.)
• Reverse your previous conversion of an IRA to a Roth IRA – because of changed
circumstances. (Section 7:1.4 of the Guide.)
• Obtain temporary use of retirement or IRA funds without paying tax or interest on the
funds. (Sections 3:7, 5:4, 6:4, and 7:2 of the Guide explain this technique.)
• Defer or accelerate income or deductions between tax years to minimize tax on social
security benefits. (Section 2:2.4 of the Guide.)
• Choose distribution alternatives that delay taxation of required minimum distributions
from retirement plans and IRAs. (Section 2:2.2 and 2:3 of the Guide, and Chapter 9
generally.)
• Take a partial lump sum distribution from a personally purchased annuity or a funded
nonqualified plan after the annuity has started – rather than before. (Sections 11:9
and 15:4 of the Guide.)
More planning ideas
________________________________________________________________
Note to Tax and Financial Planning Professionals: Your client may come to you with tax planning
ideas obtained from the Guide. For your convenience, the endnotes in the Guide provide
complete citations to the authority supporting the material presented. In fact, the endnotes have
been prepared in the same way they would have been if the Guide had been a book written for tax
professionals. You may also find the Guide useful as a clear and concise, but reasonably
complete, presentation of the tax law applicable to retiree benefits. For a summary of important
tax developments affecting retirees, click here.
ideas obtained from the Guide. For your convenience, the endnotes in the Guide provide
complete citations to the authority supporting the material presented. In fact, the endnotes have
been prepared in the same way they would have been if the Guide had been a book written for tax
professionals. You may also find the Guide useful as a clear and concise, but reasonably
complete, presentation of the tax law applicable to retiree benefits. For a summary of important
tax developments affecting retirees, click here.
| Copyright © 2005-2008 by Vorris J. Blankenship All Rights Reserved |
The author intends that this website provide accurate and authoritative information on the subject matter
covered. However, the information provided on this website is not a substitute for the advice of an attorney,
accountant, or other professional; and the author is not offering legal, accounting, or other professional
advice. The material presented on this website is not intended for use, and may not be used, to avoid tax
penalties. If you need legal advice or other professional help, you should seek (from an independent
attorney, accountant, or other competent professional) advice based on your own particular circumstances.
covered. However, the information provided on this website is not a substitute for the advice of an attorney,
accountant, or other professional; and the author is not offering legal, accounting, or other professional
advice. The material presented on this website is not intended for use, and may not be used, to avoid tax
penalties. If you need legal advice or other professional help, you should seek (from an independent
attorney, accountant, or other competent professional) advice based on your own particular circumstances.
Retirement Tax Planning
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To download a free condensed version of the Guide, click here