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12 Questions Retirees Often Get Wrong About Taxes in Retirement

retirement You worked hard to build your retirement nest egg. But do you know how to minimize taxes on your savings?

retirement

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  Retirement Planning for the Self-Employed: 5 Options for Lowering Taxes and Maximizing Saving

  IRAs Being your own boss has its perks, and those include special retirement savings possibilities, such as SIMPLE IRAs, SEP IRAs and Solo 401(k)s.

  By Andy Leung, Private Wealth Adviser Published 20 March 21

  IRAs
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  6 Money-Smart Ways to Spend Your Third Stimulus Check

  Coronavirus and Your Money If you don't have to use your third stimulus check for basic necessities, consider putting the money to work for you. You'll thank yourself later.

  By Sandra Block Published 11 March 21

  Coronavirus and Your Money
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  "Above-the-Line" Deductions for Your 2021 Tax Return

  Tax Breaks If, like most people, you claim the standard deduction instead of itemized deductions on your return, there are still many other tax deductions available that could save you a lot of money.

  By David Muhlbaum Published 5 March 21

  Tax Breaks
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  Tax Tip: Reporting a 2020 RMD From an IRA That You Later Returned

  Coronavirus and Your Money If you paid back a "required minimum distribution" from an IRA last year, you still have to report the payout on your 2020 tax return.

  By Joy Taylor Published 23 February 21

  Coronavirus and Your Money
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  Your Guide to Roth Conversions

  Feature A Kiplinger Special Report

  By Jenny Cohan Published 18 February 21

  Feature
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  How 13 Types of Retirement Income Get Taxed

  retirement When you're planning for retirement, it's fun to contemplate all the travel and rounds of golf ahead of you, but don't forget about taxes.

  By Joy Taylor Published 9 February 21

  retirement
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  10 Things Social Security Recipients Need to Know About Their Second Stimulus Check

  social security It's a bit more difficult for Social Security recipients to learn the ins and outs of second-round stimulus checks, since there are a few special rules that only apply to them.

  By Rocky Mengle Published 3 January 21

  social security
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  There's Still Time to Contribute to Your IRA and Cut Your Taxes

  Tax Breaks Although you need to act quickly, you still have time to make a 2021 IRA contribution and lower your tax bill.

  By Sandra Block Published 16 December 20

  Tax Breaks
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  Smaller IRA Withdrawals Coming Up

  Coronavirus and Your Money Starting in 2022, the amount you’ll be required to withdraw from your retirement accounts after age 72 will decline modestly—which means your tax bill will be smaller, too.

  By Sandra Block Published 15 December 20

  Coronavirus and Your Money