8 Crucial Things Most Retirees Don’t Know About Taxes in Retirement

After long years of hard work, you just want to sit back, relax, and enjoy your hard-earned money. Unfortunately, life gets in the way, or better said taxes. If you know the ins and outs, you can successfully claim your Social Security benefits and make withdrawals from IRAs and 401(k)s without having to pay taxes on the amounts taken.

Unfortunately, taxes work in intricate ways and many retirees end up paying more to Uncle Sam than they really should. To avoid paying more in taxes than necessary, here are 8 blunders retirees usually make when it comes to taxes in retirement. Did you know the answer to any of these questions?

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