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How to Pay Zero Taxes Legally in Retirement

Source: entrepreneur.com - May 4, 2018

Are you gambling your retirement savings on the idea that your taxes will be lower when you retire? If so, I’ve got some bad news. If you have your retirement savings in a tax-deferred retirement account such as a 401(k), IRA or 403(b), you’re sitting on a tax time bomb.

For decades, purveyors of conventional financial wisdom have told Americans to max out their contributions to tax-deferred plans such as 401(k)s and IRAs. “Your money compounds without being reduced by taxes, and you’ll end up with more money during retirement” is their common refrain.

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Category: General Business