Are Your Taxes Set to Explode in Retirement? (Strategies to Help Defuse the Problem)
by John Creekmur, CFP, Co-Founder, Creekmur Wealth Advisors
Oct 30, 2019
2 minutes
Remember when you first started earning a decent salary, and it seemed as if everybody -- your parents, your boss, the nice lady in HR and, of course, your tax preparer -- all told you to put as much money as you could into your employer's 401(k) plan?
Grab the employer match, they said. Get the growth that the market has to offer. And take advantage of the tax break, for crying out loud. Why not avoid paying taxes on that money now, while you're in a higher tax bracket, and worry about it later, when you're in retirement?
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