Tuesday, December 26, 2017

You'll Lose Some of Your Retirement Income to the IRS -- Here's How Much

By Fool, Dec. 25, 2017 

Ugh, taxes. It'd be nice if you could leave them behind along with your job when you retire, but that's not in the cards. Even after you quit working, the IRS will insist on taking its cut of your taxable income. And if you fail to budget for taxes, your retirement income might end up being a lot smaller than you expect. That's why having a tax plan for retirement is so important: Not only will it help you prepare for those taxes, but it will give you a chance to reduce them as much as possible.

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