Pay the Taxes You Owe and Not a Cent More

Stressing about the taxes you’ll pay in retirement? Here are some ways to help reduce your tax liability when you retire, including managing RMDs.

A satisfied-looking woman sits in front of her laptop at the kitchen table.
(Image credit: Getty Images)

It’s not exactly a secret that the United States government has a spending problem. The national debt is at $31.5 trillion and counting, and at some point, the bill is going to come due. One possible scenario, of course, would be a massive increase in taxes.

Already, one tax increase is on the horizon. Unless something changes between now and then, the 2017 tax cuts are set to expire at the end of 2025.

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Steve Meeks, Registered Financial Consultant (RFC), Certified College Funding Specialist (CCFC®)
President and Founder, Interlinc Financial

Steve Meeks is the president and founder of Interlinc Financial, where he helps clients protect their wealth and lifestyles. With decades of experience, Meeks uses an educational approach to ensure clients have the knowledge to make informed, productive choices. He is a tactical and strategic thinker — skills he developed as a U.S. Navy tactical strategist specializing in warfare and search and rescue. Steve Meeks has passed the 65 Securities exam and has a life insurance license.