Retirement Tax Plan
In retirement, it is not uncommon for many to expose themselves needlessly to excess tax liabilities. There was an adage that your taxes will be lower in retirement — do you remember that? Unfortunately, that adage has been proven to be false for those who have done an honorable job being responsible and putting money away for the future. Retirement, however, is not the time to pay taxes on every dollar! What have you done to help mitigate the risk of taxes going up when you are in retirement?