Don’t Be Tricked Into Voluntarily Paying Higher Taxes on Your IRA
by Keith Singer, CFP, Attorney
Jul 04, 2022
3 minutes
When you first decided to contribute to an IRA or an employer-sponsored retirement account, it probably seemed like a great deal – at least at the time.
After all, you received an upfront tax deduction on the amount you contributed, and you were able to defer paying taxes on any growth in the account. It was a seeming “win-win.”
And in many ways, it is a good thing. But if you think the government gave you that upfront tax advantage with no strings attached, think again. This benefit was conditional, and
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