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Understanding Your Taxes in Retirement
Even after paying taxes your entire working career it can be easy to forget the amount of taxes you will be paying in retirement. This is important to keep in mind because it will make up a significant portion of your expenses that you may not have allocated for in your retirement savings. There are many pitfalls to avoid in retirement that may end up surprising you, many times that a tax will sneak up on you and take money that you thought you would have. For more information on this topic visit this article by Brian Vnack with Market Watch.