Most people spend their entire working lives looking forward to retirement as a time when things finally get simpler, including the tax bill. So when I tell you that for many retirees, taxes often get more complicated and can actually go up after they stop working, that's hard to believe.
Here Are Just a Handful of the Things That We'll Discuss:
Faulty assumption: ‘no income from employment = lower taxes’.
Fewer deductions: Mortgage paid off, kids are grown, income is exposed to tax.
Most people have a tax preparer, not a tax plan, huge difference in outcomes.
Transcript of the episode
Here is where we will copy the transcript of the podcast
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