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GOBankingRates
GOBankingRates
Jordan Rosenfeld

Tax Experts: 7 Ways Retirees Accidentally Pay Too Much in Taxes

Social Security Medicare Chad Cummings IRA
Shutterstock.com

Retirees aren’t just at risk of losing money to market swings, they can also lose it to avoidable taxes. From missed required minimum distributions and bigger-than-necessary IRA withdrawals to a variety of other issues, small missteps can snowball into four-figure bills.

Learn More: I Asked ChatGPT What Trump’s ‘Big Beautiful Bill’ Means for Retirees’ Taxes: Here’s What It Said

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