Episode 132: 3 Things You Must Understand If You're Retiring In 3-5 Years, Part 1

What happens with your taxes in retirement? This is the first of our three-part series for what to do and how to prepare if you are three to five years away from retirement.

 

Read more and get additional financial resources here: https://coveryourassetskc.com/episode-132-3-things-you-must-understand-if-youre-retiring-in-3-5-years-part-1/ 

 

What we discuss on this episode: 

0:40 - Celebrating the 4^th with family, fun, and fireworks.

3:10 - Why is the three to five year timeline before retirement so important?

5:05 - Your Social Security is likely to be taxed.

7:40 - Should you take a pension lump sum or monthly payments?

12:31 - The widow’s tax is rarely discussed but important.

16:52 - Talk to your advisor about all of these.