I'm an Investment Adviser: This Is the Tax Diversification Strategy You Need for Your Retirement Income

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For most of your career, saving pretax dollars in such accounts as a 401(k) or IRA has been a smart move. You got the upfront tax deduction, your money grew tax-deferred, and it felt like the right play year after year.

But once retirement hits, that same strategy can become a double-edged sword. Suddenly, every dollar you withdraw is taxable income.