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Tax rate after retirement is the percent of your income you will pay in taxes on average each year after retiring. Your after retirement tax rate is applied to your salaries, benefits, and taxable realized gains due to investment growth or withdrawals from investments. The higher your tax rate after retirement, the more investments you'll need to sell to net enough money to cover your expenses.
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The following terms will be different in the Canadian releases of Quicken. Canada: "Cheque" / United States: "Check" |