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The transition from employment to retirement can be complex. Retirement-related behavioral and financial changes raise many tax planning questions and opportunities. Social Security was designed to supplement personal savings and income from various retirement savings vehicles. Suddenly, that will slow or stop.
Your full compensation package also includes your employee benefits—retirement accounts, insurance, personal time off, and much more. These plans not only protect you from surprise bills, but also help ensure that your income will be protected in the event of illness or injury.
Indexed Annuities: The New RetirementPensions? Those of us who are older might remember them better as “pensions,” but in 2021 they seem about as common as a rotary phone. In other words, the large majority of us can no longer rely on our employers to fund our retirement plans. Follow Follow Follow Follow Follow Follow.
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