Reported about 11 hours ago
A recent study by the Nationwide Retirement Institute found that 37% of retirees do not understand the tax implications on their retirement income. Financial expert Nick Holeman discussed strategies such as utilizing IRAs and HSAs to lower tax bills, and highlighted the tax efficiency of Social Security benefits. He recommended delaying Social Security to maximize benefits and advised on the importance of tax withholding and a 'bracket filling' strategy for managing withdrawals.
Source: YAHOO