LIFE MILESTONE: STARTING RETIREMENT OFF RIGHT AT ANY AGE

  • Starting Retirement off Right at Any Age: Retirement is an exciting time. After a lifetime of hard work, you’re finally ready to focus on family, travel and hobbies. But just because the work stops doesn’t mean taxes do. When your income is fixed, taxes can take on whole new hue.
    As you consider budgeting for your retirement, don’t forget that certain taxes don’t discriminate based on employment. These include property taxes, sales taxes, special assessments from your city or state, etc. Adding these up and making sure you set a proportional amount aside monthly will make paying them much less painful. (AICPA)