Senior couple planning retirement expenses
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This story originally appeared on SmartAsset.com. Saving for retirement in a 401(k) plan at work or a traditional individual retirement account can help you build wealth for the long term while enjoying some tax advantages. Beginning at age 72, you’re required to take minimum distributions from those accounts, which means you won’t be able to defer paying taxes on earnings indefinitely.

Original Article Posted at : https://www.moneytalksnews.com/slideshows/4-strategies-to-avoid-taxes-on-required-minimum-distributions/