Why a traditional 401k is NOT the best retirement account... and other ingenious expert tips to slash taxes to ZERO in later life
It might sound too good to be true, but paying little to no taxes in retirement can be a reality if you plan ahead. Whether you are approaching the end of your career, or are still a way off, there is one key move to minimizing taxes as a retiree: tax diversification. As investment advisor Patrick Donnelly told Daily Mail: 'Put simply, tax diversification means having your money spread out across multiple account types that have different tax treatments.
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