Tax planning plays an important role in your retirement strategy. Most retirement savers have a good understanding of how their tax burden factors into their income in retirement, but there is one area that is commonly ignored: how the death of you or your spouse will affect your taxes.
Tax planning for the death of your spouse is challenging for the same reason that estate planning is challenging: it is difficult to plan for — or even think about — your death or your spouse’s death. But as this MarketWatch article explains, planning today can help you avoid financial complications in the future.
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