A little advance planning goes a long way to that comfortable retirement you've been counting on, as taxes can be even larger than retirees realize.
Fewer than one in three Americans have mapped out a plan to reduce their tax burden in retirement, which is a big mistake.
Limiting your tax payments requires thoughtful planning now since some Social Security benefits are subject to federal taxes if income exceeds certain levels.
RMDs from tax-advantaged accounts could increase your tax bill significantly, underlining the importance of planning to minimize them early.
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