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CNNMoney Financial writer Walter Updegrave recently addressed himself to answering the following question from an anonymous reader: “How large a retirement nest egg do I need if I want to draw $60,000 a year from it and have my money last 30 years?”
Upon retirement, many people are unpleasantly surprised by how high their taxes are. From required minimum distributions in traditional IRAs and retirement plan accounts to the partial taxability of Social Security benefits to Medicare Part B premiums, Uncle Sam will always get his due. So here are a few suggestions for lowering your tax bill in retirement.
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