Understanding what your after income will be in retirement is so important. How much after tax spendable income will be available to you. The way your income is taxed differs depending on if it is coming from wages, Social Security, IRA withdrawals, etc... In this video we look at simple example based on a couple who said they wanted to live on $80,000 once retired. We'll look at how their income is taxed before retirement as well as after.
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