Overland Park, KS
Retirement Planning in Overland Park
You've built real wealth in Overland Park: a Black & Veatch ESOP, a legacy Sprint 401(k) now carried by T-Mobile, a Blue Valley KPERS record. It's concentrated, not diversified, and fully taxable the moment you touch it. Overland Park even gets named in its own tax statute, for police and fire pensions alone. Hold $2 million or more and plan to retire within ten years? That tax is the first problem worth solving.
Why Overland Park
Planning built for Overland Park retirees
Johnson County · Headquarters
Overland Park's retirement problem is concentration, not accumulation. A career at Black & Veatch (100% employee-owned through an ESOP begun in 1999 and completed in 2015, roughly 12,000 employees as of 2024) can leave a household with most of its net worth in one company's stock inside one qualified plan. Diversifying that position and timing the distribution are two separate decisions.
The legacy Sprint households are the other pattern. The Sprint pension closed to new employees on August 11, 2005 and froze accruals on December 31, 2005; it now covers eligible T-Mobile employees, and T-Mobile still reports 3,825 full-time Overland Park staff. A frozen-pension election, a rolled-over 401(k), and merger severance can land in a single tax year.
These are Overland Park employers whose retirement plans shape the questions asked here most often. Naming them says nothing about who this fits. It says what kinds of accounts exist in this city, and what each one demands.
Black & Veatch
Overland Park headquarters, 100% employee-owned through an ESOP begun in 1999 and completed in 2015, roughly 12,000 employees as of 2024. Concentrated employer stock inside a qualified plan drives the entire distribution decision.
T-Mobile (legacy Sprint)
3,825 full-time Overland Park employees reported in 2025. The frozen Sprint pension it now carries closed to accruals in 2005, so lump sum versus annuity is still a live election for long-tenured households.
Blue Valley USD 229
The largest school district based in Overland Park; the district itself publishes "3,000+ employees" districtwide. Staff are KPERS members, and Kansas exempts KPERS benefits while the 403(b) sitting beside that pension stays fully taxable.
Kansas Taxes
How Kansas taxes an Overland Park retirement
Kansas income tax law as of tax year 2026 · verified August 2026
Since tax year 2024, Kansas subtracts every dollar of your Social Security, no income limit. Through 2023 that exemption vanished the moment federal AGI passed $75,000. A Roth conversion no longer trips that cliff. It's gone.
Kansas still taxes your ESOP distribution, your rolled-over Sprint 401(k), and every IRA withdrawal in full. Kansas AGI starts from federal AGI, and the statute has no subtraction for private plans. Above $46,000 of taxable income, married filers pay a flat 5.58%.
- Kansas top rate, TY2024+
- 5.58%
- Social Security, TY2024+
- Fully exempt
- 401(k) & IRA income, TY2024+
- Fully taxable
Sources: KDOR Notice 24-08 · K.S.A. 79-32,117 · KDOR homestead programs
Tax figures on this page are current as of the dates shown and are provided for general education only. Kansas and Missouri retirement tax rules changed in 2024 and 2025, and several of these figures are adjusted annually for inflation or depend on future revenue triggers. Nothing here is tax, legal, or investment advice. Confirm your own situation with your tax professional before acting.
Who We Help
Is this you?
01
Age 50+ and within 10 years of retirement
02
$2M or more saved, mostly in 401(k)s and IRAs
03
Ready for a tax-first approach to retirement planning
How it works
Your Tax-First Retirement Plan is built in 4 weeks
Two phases over ten weeks. Phase one builds the plan in four weeks. Phase two determines who handles the ongoing monitoring and optimization.
Phase 1
Three sessions. Four weeks.
Week 1 · No Cost
Strategy
A 30 to 45 minute conversation about your goals and concerns, including a walkthrough of your Nine Tax Surprises Analysis. You'll leave knowing whether it's the right fit, whether the Retire Ready Roadmap™ makes sense for your next steps, and what tax surprises Uncle Sam has waiting for you.
Week 3
$4,500
Your Roadmap Review
Nine tax surprises sit inside a traditional retirement that almost nobody warns you about. Your Retire Ready Roadmap™ answers 25 questions with your specific numbers, across all five areas.
Best for couples already working with an advisor or looking to partner with one.
Week 4
Alignment
A 7 to 10 day refining period lets your plan settle in. Follow-up questions get answered, and sometimes components of your plan need to be analyzed or strategized. This wraps up the initial plan set-up and sets the stage for what happens next.
Three Paths Forward
The plan is done. Here's what happens next.
Most Popular
01
Do It Yourself
The plan is yours. You manage the ongoing execution.
Most Popular
02
Take It to Your Advisor
Take the plan to your advisor. Hopefully they follow through.
Most Popular
03
Done For You
Continue with MOKAN.
Phase 2
Ongoing relationship
Done For You
1.0–1.5%
Wealth Management
The Retire Ready Roadmap™ is a living plan. It needs ongoing attention to maximize your retirement. Tax planning, investment management, Roth conversions, and IRMAA monitoring are handled for you. You focus on living the retirement you built.
Client Reviews
What Couples Say After Switching to Tax-First Planning
MOKAN Wealth Management has not offered compensation for the testimonials featured. The displayed testimonials have been chosen from a spectrum of client feedback. To the best of our understanding, there are no other conflicts of interest associated with these testimonials.
Nearby
Retirement planning nearby
Leawood, Prairie Village, and Lenexa share Johnson County's tax rules, its school districts, and much of its employer base, so the planning questions travel with you.
Common Questions
Retiring in Overland Park: common questions
Does Kansas still tax Social Security for Overland Park retirees?
No. Since tax year 2024, Kansas subtracts 100% of the Social Security in your federal AGI, no income limit, under 2024 Special Session Senate Bill 1. Before that, $75,001 of federal AGI made all of it taxable. Built your plan on the old cliff? Rebuild it.
How is a frozen Sprint pension taxed if you retire in Overland Park?
The Sprint plan closed to new employees in August 2005 and froze accruals that December. It now sits inside T-Mobile. Kansas exempts neither private pensions nor IRAs (K.S.A. 79-32,117 has no entry for them), so whether you take an annuity or a lump sum, Kansas taxes it on the way out.
Is an Overland Park police or fire pension taxed by Kansas?
No, and Overland Park is the only city Kansas names by name. K.S.A. 79-32,117(c)(xxiii) exempts amounts from the Overland Park police or fire department retirement plans, established under the city's home rule authority, for years beginning after December 31, 2012. No other Kansas city appears on that list.
Next Step
Ready to Keep More of What You've Built?
If you and your spouse have $2M or more in investable assets, a tax-first retirement plan helps you keep more of it, year after year.