Many Americans have the life-long goal of a comfortable retirement, but don’t know how much it costs to retire or how much they should have saved by the time they leave the workforce. We’re committed to helping seniors live The GoodLife in Retirement, so click on a link below to read about these topics related to planning for your future.
Although you may no longer earn a traditional paycheck during retirement, you’re more than likely subject to income tax on the money that does come through the door. Failing to budget for state and federal retirement income taxes can cause headaches and stress, so it’s important that retirees learn about their financial obligations prior to owing penalties and late fees.
The vast majority of Americans are not prepared for retirement (not including those forced into retirement), with as many as 78% of people reporting they’re either “somewhat” or “extremely” concerned about having enough money to live out their retirement years in comfort.