Taxes in retirement may surprise retirees
Individuals saving for retirement may overlook state taxes which can mean a larger tax bill in retirement than expected.
Tag: tax diversification
Rising debt may drive future higher taxes
At some point, the debt trajectory will drive discussions on Capitol Hill to increase revenue, which could result in higher taxes.
Soaring federal debt signals future tax increases
Given the current state of federal debt and solvency issues with entitlement programs, it is likely that revenue needs will lead to higher taxes.
Strategies to lessen tax impact on retirement savings
Outliving savings is a concern for some investors. But longevity is not the only risk. Taxes pose a risk and here are some strategies to help.
New law expands Roth conversions
The new federal tax law expands the use of Roth IRAs in retirement plans, opening the door for tax diversification. Roth savings accounts were introduced to 401(k) plans by the Economic Growth and Tax Relief Reconciliation Act of 2001. This law allowed for the designation of a Roth 401(k) plan beginning in 2006. These plans