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Not by the state. Florida residents are not required to pay state income taxes, which is why it is such a popular place for retirees to live.

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15y ago

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What are the differences between pre-tax and Roth contributions in retirement accounts?

The main difference between pre-tax and Roth contributions in retirement accounts is how they are taxed. Pre-tax contributions are made with money that has not been taxed yet, so you will pay taxes on the money when you withdraw it in retirement. Roth contributions are made with money that has already been taxed, so you won't have to pay taxes on the money when you withdraw it in retirement.


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What is the difference between pre-tax contributions and Roth contributions when it comes to retirement savings?

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What are the differences between pretax contributions and Roth contributions in terms of retirement savings?

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