Monday, April 17, 2023

Make sure the tax breaks you’re taking now won’t hammer you in retirement

Make sure the tax breaks you’re taking now won’t hammer you in retirement

Article Excerpt: "...Good savers, beware. The money you’re stuffing into your 401(k) and other retirement accounts has to be withdrawn someday. If you’re not strategic about how you save, you could face unnecessarily high tax bills and inflated Medicare premiums in retirement — plus, you could be saddling your heirs with higher taxes. The earlier you start defusing this potential tax bomb, the better. ..."



Resource: www.marketwatch.com

Tax strategies in retirement,