Tax planning is an essential part of retirement planning. This resource center provides helpful information to keep you informed about tax matters that may affect your financial situation.
Important: The information provided here is for educational purposes only and should not be considered tax advice. Please consult with a qualified tax professional for advice specific to your situation.
Key Tax Dates for 2026
- January 15: Fourth quarter estimated tax payment due (2025)
- April 15: Tax filing deadline; First quarter estimated tax payment due
- April 15: IRA contribution deadline for 2025
- June 15: Second quarter estimated tax payment due
- September 15: Third quarter estimated tax payment due
- October 15: Extended tax filing deadline
Retirement Account Contribution Limits (2026)
Note: These limits are subject to annual IRS adjustments. Please verify current limits with the IRS or your tax advisor.
- 401(k), 403(b), 457 Plans: Check IRS.gov for current limits
- Traditional and Roth IRA: Check IRS.gov for current limits
- Catch-up Contributions: Additional amounts allowed for those 50 and older
Required Minimum Distributions (RMDs)
If you have tax-deferred retirement accounts, you must begin taking required minimum distributions at a certain age. Key points to remember:
- RMDs generally must begin by April 1 following the year you turn 73
- Failure to take RMDs results in a significant penalty
- RMDs are calculated based on account balance and life expectancy
- Roth IRAs do not have RMDs during the owner's lifetime
Tax-Advantaged Strategies
There are several strategies that may help reduce your tax burden in retirement:
- Roth Conversions: Converting traditional IRA funds to Roth can provide tax-free income later
- Qualified Charitable Distributions: Donate directly from your IRA to charity
- Tax-Loss Harvesting: Offset gains with losses in taxable accounts
- Strategic Withdrawal Sequencing: Drawing from accounts in the optimal order
Helpful IRS Resources
- IRS Retirement Plans
- Publication 590-A: Contributions to IRAs
- Publication 590-B: Distributions from IRAs
Need Tax-Efficient Strategies?
We can help you implement investment and withdrawal strategies designed to minimize your tax burden. Schedule a consultation to learn more.