Robert Brokamp

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4,580 appearances 41 recordings 3 series first heard Oct 2025 last heard yesterday

Robert Brokamp’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 41 in all, peaking in Sep 2026 with 5.

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Motley Fool Hidden Gems Investing · In Retirement, More Spending Leads to Higher Taxes · 8 Aug 2026 podcast

Now admittedly, this illustration is somewhat of a worst-case scenario, right? matched

The couple's tax bill would not increase if the additional spending were covered by qualified withdrawals from Roth accounts, which are tax-free. matched

This is one of the many reasons to bulk up your Roth assets before retirement. matched

Or the couple might cover their extra spending by selling assets held for longer than a year in a regular brokerage account, right? matched

Cost basis comes out tax-free, and the gains are taxed at lower long-term capital gains rates, which actually can be as low as 0% for taxpayers below certain income thresholds, at least up to a limit. matched

So additional spending by our hypothetical capital may not result in quite as much additional taxes. matched

On the other hand, this analysis completely ignores state and local income taxes. matched

The key here is that how you'll cover an expense in retirement will determine the tax consequences. matched

Now, when it comes to spending and taxes in retirement, there are two other considerations. matched

First up, Social Security. matched

Now, the good news is that not all of your Social Security benefits will be taxed. matched

Exactly how much is added to your taxable income will depend on your so-called combined income, also known as your provisional income, which is calculated by adding 50% of your Social Security benefit to your other income sources, which includes interest from otherwise tax-free municipalities. matched

pacial bonds, but not qualified withdrawals from Rolf accounts. matched

The level of your combined income determines the percentage of your benefits that will be included in your taxable income according to the Social Security tax brackets. matched

Now, it should be said that these brackets don't adjust for inflation. matched

So they're pretty low. matched

And I suspect that most people listening to this podcast will be in the top bracket. matched

But it is one other way that higher spending in retirement could lead to a higher tax bill. matched

And now we come to that other government retirement benefit, Medicare. matched

Every year, the monthly premiums charged for parts B and D are adjusted. matched

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