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From: rbowman <bowman@montana.com>
Newsgroups: comp.os.linux.misc
Subject: Re: Remember "Bit-Slice" Chips ?
Date: 17 Dec 2024 03:14:50 GMT
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On Mon, 16 Dec 2024 20:50:56 -0000 (UTC), Lars Poulsen wrote:

> The salary that goes into the retirement account is NOT taxed (the
> contribution is tax deductible in the year it is earned) but when you
> take money out later,  the withdrawals are taxable income. Not so
> unfair.

True, but you are forced to take money out. The assumption is at 73 you 
will have a lower rate than during your working years. Unfortunately for 
me I was still gainfully employed. My billable hours are down this year so 
I'll see how that plays out.