Here’s how you can reduce income taxes on your pre-tax IRA withdrawals

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Individual retirement accounts are getting bigger, experts say — and that could create tax problems for retirees or their children who inherit their assets.

The average IRA or self-employed Keogh balance was $87,000 in 2022That’s up from $81,144 in 2019, according to a June report from the Employee Benefit Research Institute, which analyzed Federal Reserve data.

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