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IRA/401k Dangers in Retirement
IRAs Individual Retirement Accounts are traditionally tax deferred. In this video we show you how damaging taxes are to your retirement savings once you start withdrawing the money and paying taxes on it.
Additionally, we illustrate how the Required Minimum Distributions, which changed in 2023, are to the account balance and how heirs get less than the IRS.
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#IRA #401k #Retirement #Taxes #2023 #RMD
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