Tax Planning for Retirees
The author of the treatise, Vorris J.
Blankenship, is a retired attorney and
CPA, and a frequent contributor to tax
law journals. He practiced for more than
35 years in Chicago and San Francisco
before retiring. As a retiree, Mr.
Blankenship has personally used many
of the tax-saving techniques explained in
his treatise, which he continues to
Tax Planning for Retirees
This publication is a tax planning
and reference book for tax advisors
with clients who are retired or about
to retire. It is published by
LexisNexis Matthew Bender.
Chapter 1 summarizes the tax
planning ideas and techniques
presented in the treatise. A retiree
may implement some of these
tax-saving techniques at the time of
retirement, and implement others
Chapter 1 also summarizes
tax-saving techniques in the treatise
available to the beneficiaries of a
The first section of each subsequent
chapter provides an overview of the
material contained in that chapter.
The overview summarizes the
material in the chapter and provides
cross-references to more detailed
discussions of each topic.
More about the treatise
The Table of Contents
Related Articles Published
by the Author of the Treatise
Retirement Plans, IRAs, and
Annuities: Avoiding the Early
Distribution Penalty, TAX ADVISER,
Apr. 2011, at p. 254.
Retiree Tax Planning for Eligible
Retirement Plans of Tax-Exempt
Entities, TAX ADVISER,
Jan. 2012, at p. 24.
Planning Now for the New Tax on
Retiree Net Investment Income,
3 CCH FINANCIAL AND ESTATE
PLANNING ¶ 33,461 (2011).
Tax Issues Complicate the Costs of
Chronic Illness and Long-Term Care
Insurance, JOURNAL OF TAXATION,
Apr. 2007, at p. 216.
Controlling and Minimizing the
Taxation of Disability Benefits, TAX
LAWYER, Spring 2007, at p. 725.
Retiree Tax Planning for Designated
Roth Accounts, PRACTICAL TAX
STRATEGIES, Mar. 2011, at p.100.
See a complete listing
Tax Planning Ideas for Retirees
The treatise describes actions a retiree may take to reduce taxes during retirement years. For
example, a retiree may be able to save taxes by:
• Taking a lump sum distribution limited to previous employee contributions. (See sections 2.08
and 10.11 of the treatise.)
• Planning the order and timing of (1) retirement plan rollovers and (2) IRA distributions.
(Section 5.05 of the treatise.)
• Eliminating withholding tax on a retirement plan rollover by making a trustee-to-trustee
transfer. (Section 2.10 of the treatise.)
• Electing to defer tax on the distribution of employer stocks and bonds. (Section 2.09 of the
• Carefully considering whether (and when) to transfer regular IRA or retirement plan assets
to a Roth IRA. (Section 6.05 of the treatise.)
• Planning the order and timing of (1) retirement plan rollovers and (2) Roth IRA conversions.
(Section 6.02[a][ii] of the treatise.)
• Reversing a previous conversion of an IRA to a Roth IRA – because of changed
circumstances. (Section 6.02[d] of the treatise.)
• Obtaining temporary use of retirement or IRA funds without paying tax or interest on the
funds. (Sections 2.10, 4.05, 5.06, and 6.04 of the treatise explain this technique.)
• Carefully considering the tax aspects of remarriage or cohabitation. (See sections 1.02 and
1.03 of the treatise.)
• Diversifying IRA investments to include some precious metals of the specific types that are
permissible IRA investments. (See section 5.03 of the treatise for a discussion of the IRA rules.)
• Deferring or accelerating income or deductions between tax years to minimize tax on social
security benefits. (Section 1.02[a] of the treatise.)
• Choosing distribution alternatives that delay the taxation of required minimum distributions
from retirement plans and IRAs. (Section 1.02 of the treatise.)
• Taking a partial lump sum distribution from a personally purchased annuity or a funded
nonqualified plan after the annuity has started – rather than before. (Sections 10.10
and 16.05 of the treatise.)
• Determining when a personally purchased annuity is a useful supplement to, or substitute
for, a tax-favored retirement plan. (See section 16.12 of the treatise.)
More tax planning ideas
|Copyright © 2005-2014 by Vorris J. Blankenship
All Rights Reserved
The author intends that this website provide accurate and authoritative information on the subject matter
covered. However, the information provided on this website is not a substitute for the advice of an attorney,
accountant, or other professional; and the author is not offering legal, accounting, or other professional
advice. The material presented on this website is not intended for use, and may not be used, to avoid tax
penalties. If you need legal advice or other professional help, you should seek (from an independent
attorney, accountant, or other competent professional) advice based on your own particular circumstances.
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