Beware These Retirement Tax Traps
Considerations to Help You Develop a Tax-Savvy Retirement Plan There’s something unprecedented set to happen in the next 15 years: More people are going to retire than ever before in the history of our country. What’s more, the U.S. Census Bureau says that, by 2030, we will reach the milestone of having more people aged 65 and older than those aged 18 or younger. What does this demographic shift mean for your retirement? Well, you’ll likely need to prepare to overcome a few retirement tax traps. In this article, we break it down.