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We've been retired for several years. I have managed my own IRA for longer than that. We have also been on Social Security since age 62, also several years.

One aspect about an IRA that I love is that you can earn as much as you are lucky enough (or smart enough) to earn in there, and pay NO capital gains on any of it. After age 59-1/2, all you pay is normal taxes on what you withdraw. Pretty good deal - no?

In our case, since we do not make a lot on our SS income, even if I take several thousand a year from my IRA, I end up paying NO taxes on any of it.

In fact, I need to check this year's 1040, but I/we may end up not even having to file federal or state taxes at all this year! We'll see.

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