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Tax Aug 2014 - "Consider Tax Implications When Choosing a Retirement Plan"

Tax Aug 2014 - "Consider Tax Implications When Choosing a Retirement Plan"

Tax Aug 2014 - "Consider Tax Implications When Choosing a Retirement Plan"

Excerpt


Consider Tax Implications When Choosing a Retirement Plan



Most people think about their retirement, but not everyone plans for it. They think everything will be fine if they sign up for their employer's 401(K) or that they will have enough to retire through Social Security alone. Some workers may do just fine with their employer's retirement or pension plan and Social Security checks during retirement. However, relying exclusively on automatic participation in these types of plans may not always earn retirees enough money or it might cost them a lot of investment earnings during tax time. 


 


 



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