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2. Open an IRA before the tax deadline to save on taxes - AOL

   www.aol.com/finance/open-ira-tax-deadline-save...

   If you were in the 24 percent federal tax bracket, for example, and contributed the maximum $6,500, you would reduce your taxable income by the same amount. This move would reduce your overall ...

3. How To Reduce Taxes In Retirement: 7 Ways To Lower Your Tax ...

   www.aol.com/finance/reduce-taxes-retirement-7...

   7 ways to lower your tax bill in retirement. 1. Go with a Roth IRA or Roth 401 (k) Workers can save with pre-tax IRAs and 401 (k)s, letting them avoid taxes on their contributions and growing ...

4. What retirees can do right now to reduce next year's taxes - AOL

   www.aol.com/finance/retirees-heres-now-reduce...

   That means shifting pre-tax investments, such as those in an IRA or a 401(k), paying the tax, and putting the money into a Roth IRA. Then when you make withdrawals from the Roth, the money comes ...

5. IRA taxes: Key rules to know and how much you can ... - AOL

   www.aol.com/finance/ira-taxes-key-rules-know...

   For Roth IRAs, you can take out any contributions to the account at any time without paying tax. And if you have any earnings on the money, it’s simple to figure out how much tax you’ll pay on ...

6. Roth IRA - Wikipedia

   en.wikipedia.org/wiki/Roth_IRA

   A Roth IRA is an individual retirement account (IRA) under United States law that is generally not taxed upon distribution, provided certain conditions are met. The principal difference between Roth IRAs and most other tax-advantaged retirement plans is that rather than granting a tax reduction for contributions to the retirement plan, qualified withdrawals from the Roth IRA plan are tax-free ...

7. Can I (Legally) Avoid Paying Taxes on IRA Withdrawals? - AOL

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   You will have to pay a penalty of 10% on both types of accounts if you withdraw before you are 59 1/2. There are some hardship exceptions regarding the early withdrawal penalty and taxes. You don ...

8. I Have $845k in a Traditional IRA. How Can I Reduce Taxes ...

   www.aol.com/845k-traditional-ira-reduce-taxes...

   There are, generally speaking, two types of tax-advantaged retirement accounts: pre-tax and post-tax. Pre-tax accounts, such as 401(k)s and traditional IRAs, offer a tax deduction at the time of ...

9. 10 Genius Ways To Reduce Your Retirement Taxes - AOL

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   For example, if you are in the 10% tax bracket, a $10,000 distribution from your traditional IRA costs you $1,000 in taxes. But that same $10,000 distribution costs you $2,400 in taxes if you have ...