How to manage taxes in retirement

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Abstract: Individuals planning and saving money for a financially secure retirement shouldn’t neglect the one factor that could make an important difference: the impact of taxes on retirement finances. This article notes that many retirees don’t consider how taxes will affect their retirement income. As a result, they may end up paying thousands of dollars more in taxes than they would have if they’d planned better. It points out that it’s a good idea for individuals to take steps now to plan for the impact of taxes on retirement finances.