Your Biggest Expense in Retirement
It’s most likely not what you think.
It’s not your mortgage.
It’s not travel.
It’s not gifts to family or charity.
Your biggest expense in retirement is far more sneaky.
Did you know that the top ten percent of income earners pay nearly 70% of the federal income taxes in this country?
While history has shown that the top ten percent have always shouldered the majority of the tax burden, it has gotten worse over the last couple of decades.
And taxes are getting more burdensome still.
Most have been told that when they enter retirement they will be in a lower tax bracket.
Maybe.
Maybe not.
Unless Congress votes to extend it, the Tax Cuts and Jobs Act (TCJA) passed in 2017 will sunset on December 31, 2025, ending reduced individual tax rates.
Are you in the know?
Is your advisor proactively looking out for you?
Is the future tax liability being considered in how your money is invested?
You NEED to know.
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“Everybody ends up somewhere in life. A few people end up somewhere on purpose.”
― Andy Stanley