Tag Archive: retirement income

Retiring from income taxes?

Written by December 9, 2014

Unfortunately, full retirement doesn’t end your income tax obligations. You’ll owe income taxes on withdrawals from a traditional IRA or 401(k) plan, and you’ll owe taxes on income outside your retirement plans (interest, dividends, capital gains, certain deferred income payments, etc.). Also, if your income exceeds a threshold amount, you could owe taxes on your social security benefits. So before...

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