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.

Related Articles:

Post Footer automatically generated by Add Post Footer Plugin for wordpress.

Leave a Reply

This blog is kept spam free by WP-SpamFree.