You will be in a lower tax bracket when you retire?

You may very well lose deductions and/or exemptions when you retire, and state and federal taxes may climb. This combination is not one that equals lower taxes in retirement. Even if the federal tax does not increase, you may still pay a higher percentage of your income to taxes after retirement vs. before. Do not under estimate the power of a deduction, it’s lose bumped up against you having to take Required Minimum Deductions may be all it takes to push you up into the next tax bracket.

Disclosures:http://www.hechteffect.net/?page_id=31