1055 Saint Paul Place
This path is unsustainable! We are near historical lows for income tax and historical highs on our national debt. Benefits will have to be cut, taxes raised or both! Is most or ALL of your retirement savings in tax deferred accounts like traditional 401k's or traditional IRA's? What will the tax rates be when you are taking distributions from those accounts? Whatever the government says they are, they decide how much of your tax deferred money they take.
We MUST plan for retirement expecting taxes to be much higher in the future. We help clients prepare for this everyday!