When it comes to understanding taxes in America, there is a common misconception that you will live on less in retirement. However, in retirement, every day is Saturday, which means every day is a high-spending day.
In this episode, Barry Watts is joined by co-host Eric Burlison, Missouri State Senator and tax expert, to discuss taxes and spending in retirement.
In this episode, you will learn:
- The tax deductions you may lose in retirement
- Why you should consider donating to charity as well as volunteering your time in retirement
- What may happen when interest rates begin to rise again following COVID-19
- How government policy plays into the tax conversation
- And more!
Tune in to learn about taxes and spending in retirement!
Resources: SavingYouTaxes.com | Eric Burlison
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