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Your Finances: For boomers, more taxes ahead

A charitable bequest can escape taxation.

A charitable bequest can escape taxation. Photo Credit: iStock

There's a quiet threat facing baby boomers' retirement plans: future tax liabilities.

The generation that has depended solely on 401(k)s and tax-deferred individual retirement accounts may not realize how much of a tax hit it will take when it starts withdrawing the money and living on it.

With the prospect of rising tax rates after the Bush tax cuts expire, some retirees could find...

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