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How should I plan for retirement?

Smart planning for your retirement

Careful retirement planning means deciding in what order to use your retirement plan resources. After you've stopped working, use up your non-retirement money first. When you sell non-retirement investments, the only taxes you pay are on the increase in price. With retirement investing that you have contributed to with pre-tax dollars, money you withdraw is taxed as ordinary income in the year you liquidate the investment. Always, always try to defer taxes as long as possible.

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