You probably have a good idea of how much money you’ve saved for retirement. But do you know how much you’ll owe in taxes when you retire?
This is the most important number you need to know. Because if you don’t know this number, you really don’t know how much money you have to spend in retirement.
And the reason why this is critical right now… many of the tax-savings strategies are time-sensitive. And if you don’t take advantage of them soon, these opportunities could vanish…. forever.
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You probably have a good idea of how much money you’ve saved for retirement. But do you know how much you’ll owe in taxes when you retire?
This is the most important number you need to know. Because if you don’t know this number, you really don’t know how much money you have to spend in retirement.
And the reason why this is critical right now… many of the tax-savings strategies are time-sensitive. And if you don’t take advantage of them soon, these opportunities could vanish…. forever.
The playbook for filing for Social Security has been turned on its head. What worked for previous generations could end up costing you a small fortune.
One reason is the growing financial struggles with the Social Security Trust Fund, which is projected to run out of money in less than 10 years. Ultimately, this could mean a significant cut in your benefits.
Another issue? Changes with required minimum distributions on your IRA and 401K. Believe it or not, this could also impact the taxes not just your retirement accounts, but on your Social Security benefits too.
These are just a couple of reasons why the traditional rules for filing for Social Security no longer apply today. Learn more by listening to this episode of Retirement Solutions Radio!
Retirement Solutions Radio
You probably have a good idea of how much money you’ve saved for retirement. But do you know how much you’ll owe in taxes when you retire?
This is the most important number you need to know. Because if you don’t know this number, you really don’t know how much money you have to spend in retirement.
And the reason why this is critical right now… many of the tax-savings strategies are time-sensitive. And if you don’t take advantage of them soon, these opportunities could vanish…. forever.
