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Retirement
from24/7 Wall St.
2 weeks ago

Today Is the Last Day to Take Your RMDs Without a Steep Penalty

Traditional IRAs and 401(k)s provide tax-deductible contributions for higher earners but require RMDs starting at age 73/75, with steep penalties for missed withdrawals.
from24/7 Wall St.
3 months ago

The Top 10 Most Popular Strategies for Reducing Taxes in Retirement

You worked hard for your money all your life so keeping the greatest part of it out of the taxman's icy grip begins by planning early. There are numerous paths to take to minimize your retirement tax bill, and some are quite complicated and complex strategies that need years of planning to come to fruition. Because retirement planning is no longer a straightforward effort, consult with a tax professional and a financial planner early on to make best use of the options available.
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