The good news is, there are steps young people can take throughout their lives to actually reduce their future tax bill in retirement. If you don't want to worry about a tax bill at all, choosing a Roth 401(k) or Roth IRA is the way to go. Both allow you to make tax-free withdrawals as long as you follow certain rules, such as having your account open for at least five years before you begin taking out money and waiting until age 59 1/2 to begin making withdrawals.
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