Take your retirement account and divide it by half. This is the real amount that you have saved for retirement. Taxes can cut your retirement funds in half, according to Ed Slott, the nationally recognized IRA and retirement planning expert, founder of IRAHelp.comand author of the forthcoming book, The New Retirement Savings Time Bomb: How to Take Financial Control, Avoid Unnecessary Taxes and Combat the Latest Threats to Your Retirement Savings.
