Optimal Timing for Retirement: Tax Considerations

Reported 2 months ago

Choosing the right time to retire can greatly affect your income and taxes. Retiring early in the year may lower your tax rate, while retiring later can enhance savings and Social Security benefits. Key factors to consider include pension benefits, withdrawal timing from retirement accounts, accrued bonuses, and Social Security claims. Each individual's situation is unique, so consulting with a financial advisor can help you make the best decision.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis