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950: Friday Q&A: Reduce Taxes in Retirement, Transfer Money Abroad, Alternatives to USA, Rip-offs, etc!

Radical Personal Finance

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How to Invest in Your Local Community for Financial Profit and Community Gain

The fourth option that you can consider that can save on your taxes would be to defer some of your income. Pat in Idaho: I don't remember the Social Security rules on this, and I doubt your pension is going to allow you to suspend it. There's no reason for you to take extra income from it that you're not required to take under things like required minimum distribution rules. And so you might as well just leave it in the account and then have it for the future when you might have more of a plan for it.

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