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25 Retirement Account Mistakes Smart People Make

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Blame Congress. There are more than a dozen types of retirement savings accounts, each with its own complicated (and sometimes differing) rules covering contributions, investments, withdrawals, and heirs. That creates traps that snare not only diligent investors, but also financial advisors, lawyers and CPAs. You can’t know every rule, but being aware of the areas where mistakes are commonly made can help you stay safe and avoid stiff tax penalties.


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