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Don’t Assume You’ll Pay Less in Taxes in Retirement

December 28, 2021

From the Kiplinger website

Today’s retirees have possibly more money than any previous generation – and this could mean they’ll also pay the most in taxes. This generation of retirees has a substantial amount saved in tax-deferred retirement accounts as well as other taxable assets, which means they shouldn’t assume they’ll pay much less in taxes in retirement. There are a few reasons, including changing tax policy and required minimum distributions.

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