Amid all the gloom and doom about forced retirement, skyrocketing healthcare costs and nest egg-cracking financial markets, there's yet another threat facing baby boomers: future tax liabilities.
With the prospect of rising tax rates after the Bush tax cuts expire, some retirees could find themselves paying even more in taxes than they did when they were working. Optimizing retirement withdrawals to minimize taxes can result in up to 33 percent more to spend in retirement years than ignoring the impact of taxes. Read more