7 IRS Rules After 70½ Pension Holders Miss — Costing Retirees Thousands

If you’re over 70 and a half and receiving a pension, these IRS Rules could save you thousands of dollars in retirement — but most retirees never hear about them until it’s too late. In this video, we break down 7 powerful IRS Rules pension holders almost never use, including Roth conversions, Medicare premium strategies, RMD planning, charitable distributions, and retirement tax traps that quietly drain savings over time. You’ll learn: • How Qualified Charitable Distributions reduce taxable income • Why pension holders get hit hardest by the “Tax Torpedo” • Smart Roth conversion strategies after 70½ • How HSAs can pay Medicare premiums tax-free • Why outdated pension withholding creates surprise tax bills • How married retirees can still fund a Roth IRA • IRS Rules for handling multiple IRA required distributions Many retirees assume retirement tax planning ends once pension checks begin. In reality, the years after 70½ are some of the most important financial years of retirement planning. Understanding these IRS Rules could help pension retirees protect more of their retirement income, reduce taxes legally, and avoid costly mistakes with Social Security, Medicare, and required minimum distributions. Subscribe to Retire Smart for weekly retirement updates, IRS news, Social Security changes, Medicare alerts, and smart retirement planning strategies for Americans over 50. #irsrules #retirementtaxes #presentation #retiresmart Disclaimer. This content is for educational purposes only. Robert, Sandra, Tom, Patricia, James, and Ellen are composite characters used for illustration and are not real individuals. Nothing in this video is legal, tax, or investment advice. IRS rules and contribution limits referenced reflect current law as of 2025 and 2026 and are subject to change. Always consult a qualified CPA or financial planner before making any decisions.