Retirement Account Strategies to Shield Your Savings From Tax Rate Increases

The Importance of Tax Planning in Retirement

Hate the idea of seeing your tax rate go up in retirement? Then you may want to save in this account specifically.

Understanding Tax Rates and Implications

Taxes are pretty much a part of life no matter your age. You could be 22 working your first job or 72 living largely on Social Security, and the IRS is still going to come after a portion of your income.

• Tip: Consider a Roth IRA to protect your withdrawals.
• Insight: Rising tax rates can impact your retirement income.

Securing Your Retirement Savings

If you'd rather not worry about potential tax rate increases impacting your savings in retirement, it's essential to explore the benefits of a Roth IRA.