because they may be able to delay distributions until they retire and fall into a lower tax bracket. Almost four in 10 workers (39%) expect to retire
but after you retire, you might drop into a lower income tax bracket. A financial planner or accountant can help you figure out how much you can withdraw each year without moving into a higher tax bracket
As mentioned, tax deductions lower your taxable income. For every dollar you deduct, your taxes are cut by a percentage of that deduction, which is based on your tax bracket. So, for example, if you’re in the 15% tax bracket, your tax is cut by 15 cents for every dollar you deduct...