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Home Market Research Markets

The Tax Changes in Retirement Nobody Tells You About (and How to Avoid IRS Penalties)

by TheAdviserMagazine
1 month ago
in Markets
Reading Time: 1 min read
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The Tax Changes in Retirement Nobody Tells You About (and How to Avoid IRS Penalties)
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When you’re working, taxes happen to you. Your employer usually withholds them from your paycheck, sends the money to the IRS, and you file in April to square up. The process runs in the background… but in retirement, it stops. For a lot of people, paying taxes in retirement is the part of the transition nobody warned them about. Retirement income from Social Security, IRAs, pensions…



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