7 FINANCIAL MYTHS AND RETIREMENT EXPENSES: Taxes don’t stop in retirement. The IRS does not forget about you. Taxes will still be due on any growth on your money and on all withdrawals taken from your tax-deferred accounts like IRA’s & 401(k)’s. In retirement, you must factor the taxes you will owe into your income plan and understand the difference between your gross withdrawals and the net income you get to keep. Tune in to hear Mike Neumeier talk about our largest know expense in retirement, taxes.