Are you leaving your beneficiaries a tax time bomb?

Brett Sause

Special to the Village News

When it comes to retirement and to passing on whatever wealth you’ve accumulated to a spouse or the next generation, you may think you’ve thought of everything.

But despite your careful planning, it could be that Uncle Sam will be handing you a hefty tax bill while you’re living or your beneficiaries one when you die.

Even people who have been great about saving for retirement don’t always realize the tax implications of what they’ve done. They may have created a significant tax problem for themselves, and they could be leaving behind a tax time bomb for...