The Impact of Taxes in Retirement

Watch Now

Are tax rates likely to go up, down, or stay the same in the future? For most people approaching retirement, they're not bothered by that question as many believe they will be in a lower tax bracket regardless (due to working less in their retirement years). However, the amount of taxes you'll be paying for in retirement may be significant and can ultimately deplete your savings a whole lot faster than you ever imagined.

In this episode of Money Script Monday, Kevin demonstrates the reasons why taxes should be regarded as a MAJOR factor when planning for retirement.