Retirees keeping an attentive eye on their finances often concentrate, as you might expect, on how well their investments are doing. Return on investment is important, certainly, but something else can have an even bigger impact on retirement portfolios: income taxes, one of the biggest expenses for many retirees.
That surprises a lot of people, especially those who anticipate their tax bill will go down once they stop working. Unfortunately, Uncle Sam is just as interested in you in retirement as he was in your working years — in some ways even more so.
