Tag Archives: Retiring
You’re Ignoring Taxes and Retiring With less
ATLANTA (TheStreet) — An overlooked, often misunderstood impact on retirement savings can be summed up in one frightful word: taxes.
For years, the focus for retirement plans has been placed squarely on the “accumulation” phase and maximizing investment returns. The onslaught of 80 million retiring baby boomers has made the drawdown of those savings a more mainstream concern.
Selling retirement assets without a tax strategy could be eroding 20% of retiree savings.
Big questions abound for retirees and near-retirees regarding their savings. Will they last? How much can retirees take, when and how? What’s the best way to turn assets into income?
Retiring in 10 years: Should I invest in annuities?
Now that I’m about 10 years away from retirement, I’d love to understand annuities better and learn which, if any, would be best for me? — Alan Mina, Powell, Ohio
Personal finance advice, ideas – Money Magazine
