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Tag Archives: retirement accounts

Turning Retirement Accounts for the Middle Class Into a $5 Billion Tax-Free Piggy Bank

Each year in retirement, we take a certain amount of funds from our IRAs and it becomes income. This is a bit different than when we were paying regular income taxes on our yearly income minus investments. I was curious about this as the big story today is rich people slugging away thousands and maybe millions into investments. The investments grow and are not taxable until withdrawal (unless there is another way to avoid taxes). These are smarter...

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