Is Your IRA an IOU to the IRS? Three Retirement Tax Strategies

The acronym IOU is taped over the front of a hundred-dollar bill.

Chances are your retirement nest egg is worth less than you think.

For example, if you and your spouse have $1 million in retirement savings tucked away in traditional IRAs, 401(k)s or 403(b)s, your nest egg is likely to be worth $760,000 at the 24% marginal federal tax bracket.