Tax bracket change on retirement?


On retirement many people think they will be on a lower tax bracket. This is a wrong assumption. Your tax bracket may not change especially if you invest in bonds. So do not keep postponing interest income. You will not be on the lower tax bracket unless you create dividend income, long term capital gains, agricultural income. Yes at age 65 as a senior citizen your tax limits get raised, so there might be some respite.

Advertisements
Explore posts in the same categories: Investing tips

Tags: , , ,

You can comment below, or link to this permanent URL from your own site.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: