Even after you enter retirement and are no longer earning a wage (or even if you just cut back your work schedule for a “working retirement”), you still need to do tax planning. Your retirement income is still generally subject to federal taxation, regardless of whether its investment income from your 401(k) or Traditional IRA, pension income, or even in some cases Social Security income.
But while you won’t be able escape your liability for federal taxes, you have a greater degree of control over how much you’re liable for in state taxes. Different states have different ways of generating... Articles Tagged ‘state taxes on retirement’
Consider these Tax Friendly States for Your Retirement
Even after you enter retirement and are no longer earning a wage (or even if you just cut back your work schedule for a “working retirement”), you still need to do tax planning. Your retirement income is still generally subject to federal taxation, regardless of whether its investment income from your 401(k) or Traditional IRA, pension income, or even in some cases Social Security income.
But while you won’t be able escape your liability for federal taxes, you have a greater degree of control over how much you’re liable for in state taxes. Different states have different ways of generating...
Tuesday, February 4th, 2014
Even after you enter retirement and are no longer earning a wage (or even if you just cut back your work schedule for a “working retirement”), you still need to do tax planning. Your retirement income is still generally subject to federal taxation, regardless of whether its investment income from your 401(k) or Traditional IRA, pension income, or even in some cases Social Security income.
But while you won’t be able escape your liability for federal taxes, you have a greater degree of control over how much you’re liable for in state taxes. Different states have different ways of generating... 
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