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Kiplinger
Kiplinger
Business
J. Barry Watts

THE TRUTH ABOUT: Three ways to lower your taxes in retirement - Caught on Camera

A retiree looks thoughtful as he stands outside.

People often go into retirement thinking their biggest expense at that stage of life will be health care.

But they (and you) may be surprised to learn that, in many cases, the actual biggest expense is something quite different — income taxes. Those who aren’t prepared for the role the IRS will play in their retirement are at risk of taking a big hit — a hit that could have been prevented.

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