Do you think tax rates are going to be higher or lower in the future? If you’re like most people and you think tax rates are going to be higher, your future tax bill with tax-deductible retirement accounts like a 401k plan and traditional IRA could be much higher. Deferred Taxes Equals Compounded Taxes Do [...]
In the first phase of retirement planning, the focus is on how to save enough money to retire. This is the accumulation phase. The emphasis in the second phase is on retirement income planning which occurs as you prepare for the distribution phase. Distribution Phase One of the main reasons why so many people run [...]
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