You retired this year
You had wages for part of the year and started drawing from retirement accounts, a pension, or Social Security.
INDIVIDUAL TAX PREPARATION
Tax Preparation for Retirees and Pre-Retirees
Retirement can change your tax return quite a bit. You might have a paycheck for part of the year, start taking money from an IRA, or have Social Security and investment income on the same return for the first time. Flamingo Tax & Consulting helps you file your individual return and understand how those changes affected what you owe.
When we can help
You took money out of an IRA or 401(k)
You want to understand how the withdrawal affected your taxes and whether you withheld enough.
You sold investments or converted money to a Roth IRA
You want to see how that decision showed up on your return and what to keep in mind if you do it again.
You’re retiring soon
You’re still working and want to get a sense of what taxes could look like once your paycheck stops.
What we’ll go over
We’ll start with what changed this year and what’s coming up next. When your return is ready, we’ll explain what drove your tax bill or refund in plain English.
If there’s something worth revisiting before next year, like withholding or the timing of a retirement account withdrawal, we’ll flag it and talk through whether a separate tax planning meeting makes sense.
Common questions
What tax forms should I look for in my first year of retirement?
Start with any W-2 from your last year of work, Form 1099-R for IRA, pension, or 401(k) distributions, and Form SSA-1099 if you received Social Security. Include your brokerage tax forms if you had investment income or sold investments. Your prior-year return is a useful starting point, too.
Should I revisit my withholding when I retire?
Yes. Once your paycheck stops, the withholding you had at work may no longer cover your tax bill. Look at how much is being withheld from pensions and retirement account withdrawals, along with any other income you expect. That can help you decide whether to adjust withholding or make estimated payments.
Book a consultation
Tell us a little about what changed this year or what you’re planning for. We’ll talk through what you need help with and whether Flamingo is a good fit.