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Podcast: Ready, Set, Retire!
Episode: Debunking the Myth of Lower Taxes in Retirement
Description: Sometimes, we talk about the “myths” of retirement. And Forbes says one of the most common ones is that we’ll be in a lower tax bracket, when we quit working. That certainly seems to make sense – why would it not be true? • It makes sense why people believe this. They don’t see themselves paying more in taxes because they’re no longer earning money; rather, they’re now living off what they’ve accumulated over a lifetime. And with their income being lower than it was during their working years, the amount they’ll owe to the IRS will be less...