Moving from Saving for Retirement to Spending in Retirement
As my friends and I prepare to enter the retirement phase of life, three questions come up in conversation: How do I use my money in retirement? How do I convert assets into spending money without running out of money? Can I retire and not pay taxes? Like most things, it depends; and no, I can’t avoid paying taxes. I will pay taxes as I convert my retirement assets to spending money. I repeat, I WILL PAY TAXES as I liquidate retirement assets. But I do have some ways of picking and minimizing the taxes I pay. If I Google [...]