Retirement Tax Services Podcast How it's taxed matters with Micah Shilanski, CFP®
Jan 19, 2026
Micah Shilanski, CFP®, a financial advisor specialized in tax-aware retirement planning, shares valuable insights on effective tax strategies. He and Steven delve into why advisors need to read tax returns and emphasize the importance of mastering tax fundamentals over flashy gimmicks. They discuss practical tips for communicating tax estimates to clients, the impact of capital gains tax, and the benefits of proactive monitoring of IRMAA changes. Their engaging conversation highlights the need for collaboration between advisors and tax preparers to optimize client outcomes.
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Read The Return Before Advising
- Pick up a client's tax return before giving money recommendations to explain how the next $1,000 of income is taxed.
- Spend 20–60 minutes learning to read a basic tax return so your advice is actionable.
Explain Safe-Harbor Limits Clearly
- Use safe-harbor estimates for withholding but explain the final payment range and that additional tax may be due at filing.
- Communicate upfront how much must be paid by Jan 15 and what can wait until tax filing.
Earmark Taxes At Closing
- When a client expects a large tax bill, estimate high and immediately set that amount aside at closing.
- Earmark funds (money market or separate account) to pay estimated taxes so clients aren't surprised.