Business
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 4th 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.