Everyone loves seeing their investments in their brokerage account or retirement plan grow from month to month. However, many people don't understand the tax implications of successful investing. Without deliberate planning, tax consequences can substantially wither an otherwise healthy investment return.
Creating a well-rounded financial portfolio is an important step in securing income during retirement. Understanding your specific financial situation, and how your financial numbers relate to your goals, is the first step in crafting an appropriate plan for retirement.
In today’s post we’re highlighting four important numbers to remember about retirement planning. While there are many uncertainties involved in making future projections these key figures can serve as a valuable guide in helping you plan for your future.