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GOBankingRates
GOBankingRates
Kerra Bolton

5 Retirement Tax Myths That Sound Smart — Until You Do the Math

DNY59 / Getty Images/iStockphoto

Many Americans assume their taxes will shrink once they retire. 

After all, the paycheck stops, the commute ends and expenses may shift. But retirement income does not mean tax-free income. Social Security, required withdrawals and investment gains can all change the picture. 

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