3 Strategies for Reducing Tax Risks in Retirement
Remember back to when you received your first paycheck. You were so excited. You knew how much you were earning per hour and how many hours you worked, and you couldn’t wait to go out and splurge on something you’ve been dying to get. You were handed your paycheck envelope and tore into it with great anticipation and … wait a minute … that’s not even close to what you expected.
This was your first hard lesson about taxes – the government wants a piece of what you earn at work.
Unfortunately, stopping work in retirement doesn’t mean the taxes stop too. But making a plan now to mitigate risks like rising taxes can help prevent unfortunate surprises while you’re trying to enjoy your golden years.
Thinking through how your retirement savings and income will be taxed – and creating a tax-efficient withdrawal strategy to minimize the effect of
