Beware Of This One Retirement Mistake

Beware Of This One Retirement Mistake
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Don't fall for this.

Many individuals tend to make this one mistake when they are planning to retire which can make retiring much harder than it needs to be. Watch out for this typical mistake when retirement planning.

Deferring taxes is one of the most common mistakes someone could make when they are planning their retirement. Deferring taxes can come back to haunt people after they retire because they will need to pay those taxes at some point. This will hurt retirement by not having enough funding for a certain period of time.

While deferring taxes may seem like a good idea, it is only good for short term profits and it will hinder long term profits if it is not handled.