Why You Need to Think About Your Retirement Taxes Now
Too many seniors face a
in their later years. They may have saved all their money in traditional IRA or 401(k) accounts, which have taxa
ble withdrawals that will cut into your spending power.
Tax diversification is often overlooked. Workers often spend a great deal of time diversifying their investments, but it's equally important to diversify the taxation that comes with a person's savings. If pre-tax money is all your savings, then you're going to be floored at how much you'll pay in taxes in retirement.