I’m 65, single and retiring this year. What do I need to know about tax planning?
- Posted on August 13, 2026
- By The Globe and Mail
- 1 Views
- 1 min read
In brief
Retiring at 65 requires strategic tax planning to minimize your tax burden. Most retirees rely on Social Security, pensions, and investment income—all potentially taxable with minimal automatic withholding. Understanding how these income streams interact with your tax bracket is crucial for optimizing your retirement finances. Early planning helps you structure withdrawals efficiently, manage estimated tax payments, and potentially reduce your overall tax liability during your retirement years.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
I’m 65, single and retiring this year. What do I need to know about tax planning?
The three primary income sources for most retirees are taxable with no withheld tax
