A Concise Guide to Taxes in Retirement from Bruce Larsen
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As you approach retirement, you should have a good idea of your tax situation. Typically, most people have been in their current profession for a period of time and the taxes paid are fairly consistent. However, once we retire and income comes from savings, investments,Social Security and pensions, the rules change. Fortunately, if you know ahead of time what your retirement tax situation will be, there are several possible changes you can make to keep taxes in check. This book is not written for the super wealthy. It is written for people hoping to achieve retirement net after-tax cash flow of between $50,000 and $160,000. Because taxes don’t retire when you do, being tax-aware when planning your retirement is critical.