Plan Your Retirement Before You Do The Numbers

Contributing sentiments towards policy:

59% : Taxes Retirement income is an after-tax proposition.
59% : They have Social Security and, if they're lucky, a defined benefit pension plan.
56% : Your net, after-tax retirement income each month will be highly dependent on which account you draw from. - Finally, the higher your net worth and income, the higher the proportion you'll likely pay in taxes.
53% : In general, retirement assets are located in taxable accounts (your after-tax investments), tax deferred accounts (your IRAs and 401(k)), and/or tax-free accounts (primarily your Roth IRAs).
49% : The challenge is that taxes in retirement are insidious.
49% : There are age-based taxes such as required minimum distributions (RMDs), IRMAA, and taxation of Social Security provisional income.
48% : But before deciding that you're good to go, you should address some key variables in your planning: specifically, how you feel about returns, taxes, timing, and risks.
46% : It also relates to taxes and surcharges targeted at affluent individuals.
42% : While this represents a maze of complications, there are four guiding principles that can help you determine how you feel and deal with tax planning: - While taxes are inevitable, the amount of tax a retiree pays is highly subject to planning.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.