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2. How Increasing Your Retirement Savings Can Get You a ... - AOL

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   If he were to make no retirement plan contributions through his 401(k) at work, his income on his tax return would be $100,000 and he would pay 20%, or $20,000 in taxes.

3. 10 Steps To Prepare for Retirement - AOL

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   Keep in mind that the maximum you can contribute to an IRA in 2024 is $7,000 a year, though if you are 50 or older you get an additional “catch-up” contribution of $1,000 to bring the total to ...

4. 8 Tax Strategies Boomers Need To Know - AOL

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   Here are eight tax strategies boomers need to know. Opt for Tax-Efficient Investments. Alec Kellzi, a certified public accountant at IRS Extension On, said to invest in “tax-efficient” assets ...

5. 10 Retirement Planning Steps To Take in Your 40s - AOL

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   Lower Your Debt. When you're in your 40s, it's not enough to put money aside for retirement. You also need to tackle outstanding debt. "Start with the basics. Get on a budget, pay off your debt ...

6. A Guide to Retirement Income Planning Strategies - AOL

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7. How are taxes on Social Security benefits calculated? - AOL

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   Depending on your income, your tax filing status and whether you participate in an employer-sponsored plan such as a 401(k), your contributions to an IRA may be partially or fully tax-deductible.