These 3 Things Could Mess Up Your Retirement Plans
It's much better to plan for retirement than to up and quit your job without having done any calculations or made any important decisions ahead of time, like where you'll live, what you'll spend, and how you'll occupy your newfound free time. But in the course of your retirement planning, you may neglect a few key factors that could really mess with your finances and goals. Here are three to keep on your radar.
Many seniors are surprised to see what their tax liability looks like during retirement. Now you may be aware that if you're saving for retirement in a traditional IRA or 401(k) plan, as opposed to a Roth, your withdrawals will be taxable. But that's not the only income source the IRS may want a piece of.
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Source Fool.com
