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When you sell $10,000 worth of stock, your gain is estimated to be $2,000 (20 percent x $10,000). If your post-retirement tax rate is 10 percent, your taxes on the withdrawal are $200 (10 percent x $2,000). It is usually cheaper to withdraw from taxable investments whenever possible.
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The following terms will be different in the Canadian releases of Quicken. Canada: "Cheque" / United States: "Check" |