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Guide to Save on Taxes in Retirement
No one goes into retirement looking to shell out a lot of money that they’ve worked a lifetime to save, but unfortunately this is the reality for a lot of retirees. Too many people underestimate the devasting impact taxes could have on their retirement until it’s too late.
The good news is you actually have more control over how much you are going to pay in taxes during retirement than other times in your life. The catch: you need a plan for those taxes ahead of time!
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This guide will uncover the four steps you can take to put yourself in a position to save money on taxes in retirement, including steps on:
- Social Security
- Roth IRA
- Roth 401K
- …and more!