Sounds like an oxymoron, right? When most people think of retirement, they envision a laidback, luxuriously glowing time in their lives. A time that is spent enjoying the things in life that matter most to you whether it’s travel, grandkids, hobbies, or frankly, just rejoicing in the fact you no longer have to work. After all, they don’t call it the Golden Years for nothing.
But as tax season creeps up, it is critical to note that just because you are no longer working does not mean you don’t have to worry about taxes. In fact, your taxes play an even bigger role in your retirement years than you might think considering your income at this point in the game is for the most part fixed.
So, where do you need to keep an extra sharp eye to ensure the government does not steal your retirement dreams?
Time is money, as the saying goes, and during retirement both are high commodities. Keep more of your money and enjoy more of your time living out your retirement dreams by watching these parts of your finances closely. And for one-on-one personal tips, contact us to see how we can help.
Please complete the form below to receive updates and our monthly newsletter!