65-year-old Utah couple finds $292,567 in retirement tax savings

Oct. 13, 2024 - KSL.com

Like many other hard-working Americans, they used tax-deferred IRAs and 401Ks to avoid paying taxes while saving for retirement. They had placed what some financial planners call a tax time bomb right in the middle of their retirement.

Because you don't just pay taxes based on today's value. You only pay taxes on the money you withdraw from your IRA or 401K.

BOSS submitted applications and paid application fees to be considered for the Utah Best of State for Retirement Planning awards...