Top Retirement Tax Pitfalls to Avoid with Rob Premselaar (Ep. 180)
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Think you’ve done everything right for retirement? One overlooked tax detail could cost you thousands.
In this episode of Retirement Unlocked, Larry Heller, CFP®, CDFA®, welcomes Rob Premselaar, CPA and founder of Premselaar CPA LLC, to shed light on the hidden tax pitfalls that can derail even the most carefully crafted retirement plans.
They explore the real impact of Required Minimum Distributions (RMDs), the surprise taxation of Social Security benefits, and the often-misunderstood IRMAA Medicare surcharge. Rob also shares proactive strategies for minimizing taxes in retirement, including qualified charitable distributions (QCDs), the pros and cons of Roth conversions, and key planning opportunities for business owners approaching or entering retirement.
Discussions in this release include:
- The income thresholds that quietly increase your Medicare premiums (IRMAA)
- Why Roth conversions are often misunderstood and underutilized
- How to navigate RMD timing and avoid excise penalties
- How Medicare surcharges can catch retirees off guard and what to do about them
- Advanced planning opportunities using cash balance plans
- And more!
Connect with Rob Premselaar:
- LinkedIn: Rob Premselaar
- Premselaar CPA LLC
- rob@premselaarcpa.com
- (973) 842-7784
Connect with Larry Heller:
- (631) 248-3600
- Schedule a 20-Minute Call
- Heller Wealth Management
- LinkedIn: Larry Heller, CFP®, CDFA®, CPA
- YouTube: Retirement Unlocked with Larry Heller, CFP®
About Our Guest:
Rob is the Owner of Premselaar CPA LLC, managing a portfolio of small-to-medium sized businesses and high-net-worth individuals, providing tax planning, tax strategy, tax filing, and CFO business services. Premselaar CPA LLC provides outstanding service to its clients because of its dedication to the three underlying principles of quality, professionalism, and responsiveness.