Retirement Basics: Understanding Tax Efficiency
Submitted by Alloy Silverstein Financial Services, Inc. on February 19th, 2020One of the basics in retirement is to be as tax efficient with your income as possible. In 2019, income tax rates range from 0 to 37 percent, plus a potential 3.8 percent net investment tax. Understanding how these progressive tax rates apply to ordinary income creates a tremendous retirement planning opportunity.