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New tax law changes as part of the fiscal cliff deal could have a negative impact on portfolio returns in 2013 and beyond, according to Fidelity Investments.

The Fidelity Investments 2013 guide to taxes and Get real: focus on real after tax-returns tackle the question about what to do with higher tax rates and help retirees understand why they may want to adopt a strategy focused on real after-tax returns and not just total return.

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