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How to plan for taxes in retirement

Source: money.cnn.com - Oct 26, 2018

For many retirees, even those who have meticulously planned their retirement income, the amount of taxes they are expected to pay may come as an unwelcome surprise.
It's understandable. This is a new form of income that they may not be familiar with.

"Sometimes they think that because they are retirees, they don't have to pay income taxes. Then they are surprised," says Chris Chen, a certified financial planner at Insight Financial Strategists. "Sometimes they think that Social Security is tax-free, which it is not."

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Category: General Business