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Kiplinger
Kiplinger
Business
Donna LeValley

6 Champagne Problems Successful Retirees Face

Champagne bottle in a bucket of ice.

Life isn't easy just because you make money; you have to pay taxes on that hard-earned cash. And sometimes you're penalized because of it. Known in some circles as the "rich-man tax" or chalked up as "first-world problems," these are the hidden costs that high earners face.

You can find them everywhere, from Medicare surcharges to the taxes your children face from an inheritance. Left unchecked, these costs can be devastating for you and your beneficiaries.

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