THE NEW RULES OF RETIREMENT SAVING • O wi ll yo u give to the IRS i n payi ng taxes ? T ax ris k is perhaps one of the most underappreciated risks today’s savers face, and many Americans are doing nothing to address it. Many seemed resigned to pay any and all taxes presented to the m as if there were absolute ly nothi ng the y could do abo ut i t. They believe Benjamin Franklin, who noted, “In this world nothing can be said to be cert ain but deat h and taxes.” Or perhaps Will Rogers , who said , “The only differ ence between death and taxes is that death doesn’t get any worse every time Congress meets.” “The uninformed taxpayer will pay much more in taxes than the informed taxpayer.” I sa id that last one. More than any other factors, these risks will impact how you save, how your money grows, and eventually, how you spend your money. Encountering these risks one at a time is challenging enough, b ut you have to face a ll three, right now . In the next chapters , we’ll look at thes e risks one by one and help you assess how each risk may be impacting your retirement plans. To read more fro m The New Rules of Retirement Saving, find it as a Kindle download or paperback on Amazon at http://amzn.to/2FDmh4A
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