When you think about your retirement, what usually comes into your brain are all the times when you will sleep late, dress comfortably, and spend most of your time doing just about anything you want to do. The everyday grind of fighting traffic and the routine at work—and even worse the pressures of it—will be far behind you when you retire and you cannot help but think about the good things that retirement will bring. But is that all a reality?
When you’re younger, you may spend some of your time trying to avoid paying taxes and stay up on all of the tax law changes to do it. Here are some of the ones everyone under 50 should know right now.Continue reading“Will You Need to Pay Any Taxes in Retirement?”