Tax Mistakes In 2020 That Could Ruin Your Retirement

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Assuming you still have some form of income, tax planning does not end once you retire. The Internal Revenue Service (IRS) will always expect you to pay taxes on your retirement income. For those who are well prepared to maintain their standard of living in retirement, many find their tax bills are similar to when they were working full time. Some of you may even find you are paying more in taxes; this is common for retiring business owners.

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Original Article Source Credits:   Forbes , https://www.forbes.com/

Article Written By:  David Rae

Original Article Posted on:  Aug 23, 2020

Link to Original Article:  https://www.forbes.com/sites/davidrae/2020/08/23/tax-mistakes-in-2020-that-could-ruin-your-retirement/#4b47ad6d2dd2



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