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Kiplinger
Kiplinger
Business
Gaby C. Mechem

How to Avoid These Five Costly Tax Mistakes That Many Retirees Make

An older man throws his hands in the air with frustration as he sits on his sofa and looks at his laptop.

Retirees naturally want to get the most out of the money they spent a lifetime saving — but sometimes Uncle Sam intervenes.

Taxes can eat away at a retirement portfolio, leaving you less for travel, hobbies, spoiling the grandchildren or simply paying the bills.

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