{"id":604264,"date":"2026-09-03T03:52:11","date_gmt":"2026-09-03T03:52:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/604264\/"},"modified":"2026-09-03T03:52:11","modified_gmt":"2026-09-03T03:52:11","slug":"making-cents-what-to-know-about-the-retirement-tax-torpedo","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/604264\/","title":{"rendered":"Making Cents: What to know about the retirement tax torpedo"},"content":{"rendered":"<p>Making Cents: What to know about the retirement tax torpedo<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/09\/1788407531_382_author_avatar.png\" width=\"48\" height=\"48\" alt=\"Jennifer Parsons\" loading=\"lazy\"\/><\/p>\n<p data-node-id=\"0\">More than 4.1 million Americans are turning 65 this year.<\/p>\n<p data-node-id=\"1\">As baby boomers head into retirement, that milestone comes with a potential tax hit that many may not be prepared for. <\/p>\n<p data-node-id=\"2\">Financial adviser Kathryn McCall joined KCRA 3 to talk about what\u2019s called a retirement tax torpedo. <\/p>\n<p data-node-id=\"3\">She said that when someone\u2019s income hits a certain level, more of their Social Security becomes taxable. Also, when someone hits a certain age, the government requires people to take out money from their retirement account, McCall said. <\/p>\n<p data-node-id=\"4\">That\u2019s where the tax torpedo can begin, she said. <\/p>\n<p data-node-id=\"5\">Learn more in the video above.<\/p>\n<p data-node-id=\"6\"><a href=\"https:\/\/www.kcra.com\/\" rel=\"nofollow noopener\" target=\"_blank\">See more coverage of top California stories here<\/a> | <a href=\"https:\/\/www.kcra.com\/article\/get-kcra-news-on-the-go-download\/44039145\" rel=\"nofollow noopener\" target=\"_blank\">Download our app<\/a> | <a href=\"https:\/\/www.kcra.com\/subscribe\" rel=\"nofollow noopener\" target=\"_blank\">Subscribe to our morning newsletter<\/a> | <a href=\"https:\/\/www.youtube.com\/@KCRA\" rel=\"nofollow noopener\" target=\"_blank\">Find us on YouTube here and subscribe to our channel<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"Making Cents: What to know about the retirement tax torpedo More than 4.1 million Americans are turning 65&hellip;\n","protected":false},"author":2,"featured_media":604265,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[114,268,85,46,113998,266,267,227471,273108],"class_list":["post-604264","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-il","tag-israel","tag-making-cents","tag-personal-finance","tag-personalfinance","tag-retirement-tax","tag-tax-torpedo"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/604264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=604264"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/604264\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/604265"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=604264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=604264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=604264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}