New Tax Rates Could Provide Push to Help Defuse Your 'Tax Time Bomb'

Financial advisers consistently caution savers about the dangers of stockpiling too much of their retirement money in tax-deferred investment plans. Do a quick online search of the term "ticking tax time bomb," and you'll see that advice goes back at least a decade.

There are benefits to these popular investment accounts. The automatic payroll deductions are convenient, and workplace plans often come with some percentage of employer match. Those are pretty nice perks. Plus -- and this can be a big plus -- every dollar you contribute to your 401(k), 403(b), SEP IRA, etc., is one less dollar on which you'll have to pay income tax that year.

But, of course, a day of reckoning is coming. When you retire, you'll pay taxes on every dollar you withdraw from those accounts. If your tax-deferred savings are a large part of your retirement income