ERIC PETERSON - Kiplinger

 

 

Look Before You Leap Into a Taxing Withdrawal Strategy

Before you decide to turn on your Social Security, pension or some other income stream in retirement, consider the big picture. You have some control over the taxes you’ll pay in the future if you plan it right now.



How Losing a Spouse Could Raise a Survivor's Taxes 416%

Switching to a single filing status and a few other changes that occur after losing a spouse could mean a dramatically higher tax bite. But there are ways to ease that burden.