"70% of Americans say they are concerned about taxes on their income in retirement, up from 66% last quarter, according to the Q1 2026 Quarterly Market Perceptions Study."
"More than three in four Gen X respondents (78%) said they are concerned about taxes on income in retirement, a sharp rise from 66% in the prior quarter."
"Seven in 10 Americans say they are worried that higher taxes in the future will erode income from tax-deferred accounts such as 401(k)s and IRAs."
"Nearly two-thirds of respondents (62%) said they would stop working with their current financial professional if that person did not help them address the tax concerns."
As tax day nears, 70% of Americans express concern about taxes on retirement income, an increase from 66% last quarter. Generation X shows the highest concern at 78%, followed by millennials at 74%. Concerns extend to the impact of future taxes on tax-deferred accounts, with 70% worried about erosion of income. Strategies like partial Roth IRA conversions and diversified tax asset classes can help manage tax exposure. A significant 62% of respondents expect financial advisors to assist with tax navigation, indicating a shift in expectations for professional guidance.
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