As you work to accumulate retirement savings, it’s fun to contemplate all the cruises, rounds of golf and restaurant meals you have ahead of you. You’ve earned it! However, many retirees don’t take into consideration the cumulative impact of federal and state income taxes on withdrawals from their nest eggs.
When you’re planning for retirement, it’s fun to contemplate all the cruises, rounds of golf and restaurant meals you have ahead of you. You’ve earned it! However, many retirees don’t take into consideration the cumulative impact of federal and state income taxes on withdrawals from their nest eggs.
A large number of professional athletes, who often come into a lot of money at a young age, lose a great deal of it due to advisers who aren’t looking out for their best interests. A 2018 Ernst & Young Study found that between 2004 and 2017, professional athletes alleged almost $500 million in fraud-related losses.
