Avoiding the Greatest Retirement Risks: Part One
One of the greatest retirement risks we all face is the near-certain prospect of tax rate increases and planning ahead is the best way to secure your retirement finances.
One of the greatest retirement risks we all face is the near-certain prospect of tax rate increases and planning ahead is the best way to secure your retirement finances.
Putting all your hard-earned money into tax-deferred accounts is only smart if you’ll be in a lower tax bracket in retirement – and many retirees are not.
The Baby Boomer generation created a demographic glitch that threatens the Social Security solvency, and it likely means significant income tax hikes in the near future.
If you keep contributing to tax-deferred accounts on the assumption that you’ll be in a lower income tax bracket in retirement, it’s time to rethink your retirement plan.
If you keep contributing to tax-deferred accounts on the assumption that you’ll be in a lower income tax bracket in retirement, it’s time to rethink your retirement plan.