70% of Americans Fear Retirement Income Taxes, Up 4 Points From Last Quarter

5 articles · Updated · Bloomberg · May 11

70% of Americans surveyed in March said they worry about taxes on retirement income, up from 66% in the previous quarter.
The concern centers on the shift from paycheck earnings to drawing down savings, when retirees must turn 401(k)s, IRAs and Social Security into income without triggering bigger IRS bills.
Gen X stood out as especially anxious about future tax increases on 401(k) and IRA withdrawals.
That pressure is becoming more immediate because the oldest Gen X Americans are nearing the age when they can begin claiming Social Security benefits.

With 78% of Gen X fearing retirement taxes, what is the critical first step to protect their savings?

A new 2026 Senior Tax Deduction is here. Is this the key to easing retirement tax anxiety?

Could moving to a 'no-tax' state like Florida actually cost you more in retirement?