How much income do you get on paper, and how much do you actually get–you know after taxes? As women of a certain age, some of us will continue to work, some will retire completely, but all of us want to live a lifestyle similar to the life we are now accustomed to. Here is a conversation on this subject.
(taken directly from USA Today Money) A podcast featuring telephone interviews by Robert Powell with David Blanchett, the head of retirement research for Morningstar Investment Management in Chicago and co-author of Alpha, Beta, and Now…Gamma; Robert Keebler, a partner with Keebler & Associates in Green Bay, Wis.; and William Raabe, a professor at the University of Wisconsin in Whitewater, Wisc. The topic: How to create tax-efficient income in retirement.
We all can remember our fist paycheck, and the shock of seeing net income after taxes. We’d heard about it in school, but looking at it was a great shock. Let’s not “have” to go to work to make ends meet in retirement. Let’s go to work because we are good at it, and we want to work.