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Taxes can be a real threat to your retirement Many clients fail to account for the impact of taxes on their income after they retire, and this can spoil their retirement plan, according to this article on Kiplinger. Contrary to what some people think, their tax burden may not decline after leaving the workplace for good, as they will need to generate the same amount of their preretirement income to support their lifestyle. Moreover, they may also lose some of the tax breaks after they retire and future tax changes may push them to a higher tax bracket.

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