From Nasdaq, Inc.:

Preparing for retirement is crucial because taxes can be a huge burden for seniors. Consider contributing to a traditional IRA for a tax break, and be aware that you can work in retirement and contribute earned income to an IRA. Additionally, a Roth conversion ahead of retirement could be beneficial and two states will no longer tax Social Security. It’s important to go into retirement with the right tax strategy to lower IRS burden and stretch senior income as much as possible. Stay informed on tax changes and rules as your retirement date gets closer.

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