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That Retirement Time Bomb

Monday, January 27, 2014 - 8:16 PM
"The baby boom generation is moving into retirement with something no other generation has had: huge tax liabilities. With their savings concentrated in tax-deferred retirement accounts like 401(k)s or individual retirement accounts, many boomers will have to pay income taxes on most of the money they live on. In addition, they are likely to find a high percentage of their Social Security benefits taxable."

http://www.reuters.com/article/20...1XX2014012
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ShorebreakShorebreak2,368 posts since
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