For Old 401(k) & IRA Owners – How to turn taxable 401(k) & IRA dollars into tax-free income

For many years now, Americans have been dumping money into IRAs, 401(k)s, 403(b)s, and the like. They have reduced their taxes by making these tax-deductible contributions, and have then enjoyed tax-deferred growth. Because these retirement plans grew on a tax-deferred basis, they put off paying the taxes on the growth of the retirement accounts as well. Now that they are ready to retire, they don’t want to pay the tax on the distributions either.