Since shutdowns grounded the economy to a near halt in the spring of 2020, Congress and the Federal Reserve have pumped trillions of dollars into programs aimed at fighting the coronavirus and bailing out industry and small businesses. In essence to save the economy. And so far, there's no sign of the spending slowing down.

The Federal Reserve has committed to potentially more than $4 Trillion in relief efforts on it's balance sheet.

Key takeaways:

• Why retirees could potentially pay MORE in taxes, not less.
• The impact of tax-deferred and tax-now savings accounts on your retirement.
• The potential of higher tax brackets in the future.
• The importance of prudent tax planning for retirement.