Beware the retirement savings 'time bomb,' tax expert warns
Minimizing taxes in retirement is an essential step many people overlook./ That’s the key concept for retirement savers specifically because IRAs and 401(k)s are only tax-deferred — not tax-free. “These funds have not yet been taxed, so you need a plan to minimize these taxes [so you] can keep more of your hard-earned retirement money,” Ed Slott, a certified public accountant in New York and , told Yahoo Finance. “It’s what you keep that counts.”/ This planning has always been the core of Slott’s retirement tax planning strategies. “Always ...
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