Unfortunately, the idea that you’ll automatically pay a lower tax rate in retirement is one of the most common misconceptions about retirement planning in general.
You’ve sacrificed and saved money throughout your career and now you are finally approaching retirement. You may be thinking “How do I turn my investments into sustainable income?”
Any interest rate revision can cause a ripple effect throughout the economy. Accordingly, the Federal Reserve’s actions probably will exert at least a moderate influence over financial choices that you may make at home and in your business in 2022 and beyond.