How Tax Planning Changes Through 4 Stages of Retirement

Grab this easy-to read tipsheet to learn about "How Tax Planning Changes Through Four Stages of Retirement”.
 
The 4 stages include pre-retirement, early retirement, middle retirement and late retirement.
 
The Problem: "Retirees often pay more taxes than expected because a confusing system treats various income types differently and contains hidden taxes and penalties."
 
The Solution: "A strategy that:
 
· Anticipates how and when you tap assets to cover your personal expenses,
· Understands the range of taxes you will face at various stages,
· Manages your actions so you pay as a low a tax rate as possible."
 
Taxes can seem complex and jargon-filled, even though the underlying concepts are fairly straightforward. Everyone’s tax situation is different. You should always consult a qualified professional tax advisor to discuss your specific tax situation