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

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    Double hit in 2025. For those of you who turn 73 this year, the jig is up. For decades, you’ve been squirreling away retirement savings, allowing them to grow tax-free. Now it's time to start ...

  3. Can Retirement Account Withdrawals Affect My Tax Bracket? - AOL

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    Withdrawals from pre-tax retirement plans, such as 401(k) and IRA accounts, are taxed as ordinary income. This rule applies even if you take withdrawals based on the sale of stocks or other assets ...

  4. Do You Have To Pay Taxes on Your Retirement Income? It ... - AOL

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    You can use Worksheet 1 in IRS Publication 915 to figure out exactly how much you’ll pay in taxes on your Social Security benefits. In general, though, if your provisional income is below ...

  5. How to withdraw retirement funds: Learn 9 smart ways - AOL

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    Here are nine smart withdrawal strategies that will help you avoid costly tax traps and keep more of your retirement funds. 1. Follow the rules for RMDs. RMD stands for required minimum ...

  6. How seniors can manage the looming deadline for mandatory ...

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    If you fail to take your 2022 withdrawal by April 1, you will be hit with a 50% penalty on the amount not distributed. Under a new law, for tax years beginning after December 29, 2022, seniors who ...

  7. Retirement withdrawal strategies: 4 ways to help you extend ...

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    These withdrawal strategies can help you extend your savings and meet your goals. 1. The 4% rule. The 4% Rule is an oldie, but it remains a popular way to withdraw funds in a way that ...

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