They say that the only two inevitabilities in life are death and taxes. While your golden years might see the former looming, there are ways to make sure the latter doesn’t rob you of your savings.
Many people assume that their taxpaying years are over once they reach retirement age. This, unfortunately, is not the case. Social Security benefits may be taxed, as may any money you take out of a 401(k) or traditional IRA. Other investments, such as business ownership or stocks and bonds, can also get you in line for taxes on capital gains and dividends.
So, what can you do to keep your money out of the taxman’s pocket?
Use a Roth Individual ...