Tag: retirement taxes
I recently met with a 71-year-old retiree who relies on Social Security for a sizable share of her retirement spending. She’s concerned about recent news that the Social Security retirement trust fund will run out in 2032 – just six years from now. Having read the headlines, she is now worried she’ll lose much of…
The brief’s key findings are: Households nearing retirement may forget that not all of their retirement resources belong to them, as they will need to pay some portion in taxes. The question is just how large the tax burden is for a typical retired household and for those at different income levels. Using the Healt…
