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If in an IRA, taxes are deferred, are you then taxed both capital gains and regular income taxes when you withdraw at age 60 or so? Or are you just taxed at your tax rate without the capital gains? It seems to me that if I have taxable money in stocks now, I will pay both capital gains (20% or 28%) and regular tax (about 30%) if I withdraw it? That's a big chunk!! Does the same thing occur later with an IRA when you withdraw it after 60 (59 1/2)? How does this all work?
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