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3 tax traps that could wipe out your retirement savings

Like most people, you may think youll be paying fewer taxes in retirement. Thats understandable because youre no longer earning a paycheck. But unfortunately, that wont be the case for most hard-working Americans. You could be paying even more taxes in retirement if youre not careful. The good news is you have more control over how much you pay in taxes in retirement than at any other time of your life. The following are three tax traps that could wipe out your nest egg. Tax Trap #1: higher tax...
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Source: ksl.com

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