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Kiplinger

Business

Kyle Hammerschmidt, Investment Adviser

9 Tax Surprises Retirees Don't See Coming Until It's Too Late

Social Security Medicare

(Image credit: Getty Images)

Most people spend decades following the same advice: Save consistently, invest wisely, defer taxes. It works — until you retire.

Retirement doesn't eliminate taxes. It changes how and when they show up. Most people aren't ready for that shift.

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