Mistake #6, Waiting Until Retirement to Think About Taxes
Day two of our 7 Biggest Retirement Mistakes countdown tackles Mistake #6: Waiting until Retirement to Think About Taxes.
We continue our video series: 7 Biggest Retirement Mistakes.
[Don't forget to check out Retirement Mistake #7!]
A retirement plan can look solid and still hide costly weak points, and taxes are one of the biggest.
Day 2 of our 7 Biggest Retirement Mistakes countdown tackles Mistake #6: Waiting until Retirement to Think About Taxes.
Roth conversions, required minimum distributions (RMDs), Social Security taxation, and Medicare premiums all run on their own timelines, and they affect each other.
In this short video, see how one withdrawal can ripple through your retirement, and why the years before RMDs begin may be your most valuable retirement tax-planning window.
This video is for educational purposes only and is not individualized financial, tax, or investment advice. Consult a qualified retirement advisor about your situation.
