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Maximizing tax efficiency in retirement from "summary" of The Power of Zero, Revised and Updated by David McKnight
One of the most important steps you can take to secure a successful retirement is to strategically manage your taxes. Maximizing tax efficiency in retirement means taking advantage of every opportunity to minimize the amount of taxes you owe. By carefully planning your tax strategy, you can keep more of your hard-earned money in your pocket. One way to maximize tax efficiency in retirement is to diversify your retirement savings among different types of accounts. This includes traditional IRAs, Roth IRAs, and taxable investment accounts. Each type of account has different tax implications, so by spreading your savings across these accounts, you can create flexibility in retirement when it comes to managing your tax liability. Another key strategy for maximizing tax efficiency in r...
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