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How to Reduce Taxes in Retirement - Ed Slott Interview
America's IRA expert Ed Slott joins the discussion to reveal key strategies for reducing taxes in retirement. He breaks down how IRAs and 401(k)s are essentially joint accounts with the IRS, explaining why tax-deferred savings can lead to higher tax liabilities down the road.
America's IRA expert Ed Slott joins the discussion to reveal key strategies for reducing taxes in retirement. He breaks down how IRAs and 401(k)s are essentially joint accounts with the IRS, explaining why tax-deferred savings can lead to higher tax liabilities down the road. Ed emphasizes the importance of shifting funds into tax-free accounts like Roth IRAs to protect retirement savings from future tax hikes. He also warns about common mistakes retirees make, including the risks of bad financial advice found online. Through real-life examples and expert insights, this conversation highlights why proactive tax planning is essential for financial freedom in retirement.
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