Deep Dive: Set Yourself Up to Pay No Penalties or Taxes in Early Retirement
The Money with Katie Show
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Pretax Accounts - Do They Need to Be Substantial?
When you retire, it's probably easiest to consolidate all your pre tax accounts into one traditional i r a. Most people in the late twentieth and 20 first century contributed to their four o one cas and roth iras,. Even contributing the maximum to those accounts was relatively rare because current retires often had a mix of defined contribution plans or pensions. They did not have to save as much for themselves because their employers shouldered the burden.
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