One of the hardest truths about retirement planning is that all that money you’ve been saving over the years isn’t yours. Most of it is, but you’re probably still going to owe the IRS a share in retirement.
But don’t let this get you down; start planning instead. Here are three tips that can help you hold on to as much of your hard-earned cash as possible.
Most of us aren’t going to be able to avoid taxes on our retirement savings completely, but once you understand how the IRS taxes retirement accounts, it’s not too difficult to figure out how to keep them to a minimum. Check in with yourself every year to look for more opportunities to save.
Recent Comments