How to shave your tax bill — and your Medicare costs in retirement

How to shave your tax bill — and your Medicare costs in retirement

Nils Hendrik Mueller | Cultura | Getty Images

There’s a reason why you shouldn’t pile all your cash into your 401(k): You’ll be paying hefty income taxes in retirement.
This is because the money you sock away in that account during your working years is tax-deferred.
If your 401(k) makes up most of your savings, it means you could be paying a hefty income tax bill as you draw down in retirement.…

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