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Tribune News Service
Tribune News Service
Business
Brian Baker

Best time of the year to retire for tax purposes

Retirement is a goal nearly everyone hopes to reach someday. People spend decades working, saving and investing to meet their retirement goals — and achieving those goals is a real accomplishment.

But how do you know when’s the best time of the year to retire? The time of year you choose to retire can potentially have a big impact on your retirement income and the taxes you owe. Ultimately, the best time of year to retire will depend on your individual circumstances, but you should consider some key things before making your decision.

These areas can have a big impact on the best time of year for you to retire.

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