Centennial Advisors Presents
Avoiding The Spousal Tax Trap
How to protect your surviving spouse from overpaying the IRS by thousands
Many couples spend decades building retirement savings together, but fewer plan for how taxes may change
after the loss of a spouse.
This free educational workshop is designed to help married couples understand how income, deductions, tax
brackets, and filing status may change for a surviving spouse and what planning conversations may be worth
having before retirement decisions are made.
No upcoming events — check back soon
The Problem
What changes for a surviving spouse?
When one spouse passes away, the surviving spouse may face changes that can affect their retirement tax picture, including:
- 01 A change from married filing jointly to single filer status
- 02 Potentially different tax brackets
- 03 Changes to deductions
- 04 Shifts in retirement income needs
- 05 Required Minimum Distributions from retirement accounts
- 06 Social Security taxation considerations
- 07 Decisions around IRAs, 401(k)s, Roth conversions, and legacy planning
This workshop will explain these concepts in plain English so couples can better understand the planning issues that may affect a surviving spouse.
Engaging Guidance
What You Will Learn
At this workshop, you will learn:
- Why filing status changes may create tax challenges for a surviving spouse
- How retirement income, deductions, and tax brackets can shift after the loss of a spouse
- Why IRA and 401(k) decisions can affect future tax liability
- How Required Minimum Distributions may impact retirement income planning
- When Roth conversion conversations may be worth exploring
- How coordinated retirement tax planning may help families plan ahead
Is this for you?
Who should attend?:
This workshop may be a fit for married couples who:
- Are between the ages of 55-70
- Have at least $500k saved for retirement - in an IRA, 401(k), or investment accounts
- Are retiring in the next couple of years or have already retired within the last 5 years
- Are concerned about taxes, retirement income, or preserving wealth for a surviving spouse
- Are open to learning whether working with an advisor may make sense
Spouses are encouraged to attend together.
Workshop details
Seating is intentionally limited to keep the workshop interactive.
Unable to attend but interested in learning more?
If you can't attend due to scheduling conflicts, call 512-265-5000. We'll schedule a one-on-one meeting with an advisor at your convenience.
About the speaker
Presented by Jason Smith, CFP®
Jason Smith, CFP® will share educational retirement tax planning concepts and real-world examples designed to help couples better understand the planning challenges that can occur when income, deductions, tax brackets, and filing status change.
Centennial Advisors specializes in retirement income planning and tax-efficient retirement strategies for individuals and families approaching or already in retirement.