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Retirement and the myth about taxes
Poor planning for retirement in some cases has caused many seniors undue stress. Although, even for those who try to plan for retirement they often fall victim to one persistent myth: Taxes. Yes, many seniors assume that once they stop working, their tax burden automatically shrinks, and in some cases, this is true but for some seniors find that their tax rate increases during retirement. In Maurie Backman’s article, she explains knowing how you’ll be taxes on your retirement income is a key step in planning and budgeting for your senior years. Read Ms. Backman’s article here…
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