Search
 

Help Your High-income Senior Clients Plan for New Tax Complexities

Income tax planning is a complex chore for most high-income people. But for one part of the affluent population, retired people age 65 and up, ...

By Staff Writer | Updated on May 01, 2006

Income tax planning is a complex chore for most high-income people. But for one part of the affluent population, retired people age 65 and up, it will soon become an even greater challenge.

With the help of a tax preparer and a pocket calculator, most taxpayers under the age of 65 can estimate their marginal tax rates in a few minutes, and it is rarely higher than about 40%. For older affluent taxpayers, even the most sophisticated tax advisors will soon have trouble deciding the effective marginal tax rate. If they succeed, they may not believe their eyes.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO Broker Expo 2025 (BPRO)Event

The premier educational and networking event for employee benefits brokers and agents.

Get More Information
 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.