Millions of Americans have watched their retirement accounts balloon in value in recent years. But if a good chunk of your assets are held in traditional Individual Retirement Accounts or workplace 401(k)-style plans, you eventually will have to pay taxes on the balances. Hence, you’re not as wealthy as you might assume. Many people head into retirement with unrealistic expectations and assumptions.
Often, it’s a matter of budgeting incorrectly or carrying too much debt. Some individuals might miscalculate how soon retirement might be thrust upon them, or they don’t have a good mix of assets to help make ends meet.
When […]
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