Don't Let Low Tax Rates Lull You Into the Torpedo Zone: If You Have $1M to $3M in Tax-Deferred Savings, You Could Be Looking at Brutal Tax Bills in the Future

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I was meeting with a client (let's call him Arthur) for a late lunch last week. We were tucked into a leather booth near the fireplace, the kind where the noise of the city just disappears.

Arthur is the picture of the self-made American success story: He has $2.2 million in a traditional IRA, a paid-off condo in the Gold Coast and a retirement spreadsheet so detailed it would make an aerospace engineer smile.