August 19th, 2009 | Fortune
New Strategies to Shelter Your Retirement Savings
By: Janet Morrissey
(Fortune Magazine) — For years a cardinal rule of retirement investing has been to put every penny you can into IRAs, 401(k)s, and other tax-deferred accounts. That advice rested on a commonsense assumption: that after you stopped working you’d move into a lower tax bracket. That was important because the money you take out of a tax-deferred account is subject to ordinary income taxes.
But with the Bush tax cuts expiring and new taxes on the horizon, that assumption about tax brackets no longer seems like such a sure thing. So it’s time for retirement savers to adjust their strategies to reflect the new reality and to protect themselves against tax changes that could take a significant bite out of their retirement accounts.
For the full article click Fortune