Creating A Tax-free Retirement - ARIES Foundation Think With A Drink

The only problem with saving all your money for retirement in a 401(k) or IRA is that you will have to pay taxes when you take the money out. What's the biggest myth about what will happen when you do take the money out? But here is what we know usually happens for most retirees in the first few years they retire - they do all the fun stuff they've been waiting to do like all the "bucket list" items that have been saving up to check-off. And guess where the money comes from to do all of these fun things? Your retirement account, which means withdrawals and taxes, which can quickly lead us to a higher or increased tax bracket then we had originally intended.