Beware of the Tax Traps in Retirement
More people are going to retire in the next 15 years than have ever retired in the history of our country. By 2030, the Census Bureau projects we’ll reach the first time that the United States will have more 65-and-older adults than children — 78 million age 65+ versus 76.4 million younger than 18.
Meanwhile, our spiraling national debt and its effect on taxpayers can’t be ignored. Consider that prior to COVID, the United States was already over $22 trillion in debt. Accelerated by the $2.2 trillion CARES Act passed in March 2020 and the $1.9 trillion coronavirus relief bill in March 2021, our at over
