Retirement income can be subject to taxes depending on the specific type of retirement account or benefit you receive and your tax bracket. Here are a few examples of common types of retirement income and how they may be taxed:
1. Social Security benefits: Social Security benefits are generally taxable if you have other substantial income in addition to your benefits. The amount of tax you pay on your benefits depends on your taxable income and tax filing status.
2. Traditional Individual Retirement Account (IRA) and 401(k) withdrawals: Withdrawals from traditional IRAs and 401(k)s are generally taxed as ordinary income at your current tax rate.
3. Roth IRA withdrawals: Withdrawals from Roth IRAs are generally tax-free if you are over the age of 59 1/2 and you have held the account for at least five years.
Showing 50 results of 995
Don't fall for the 'tax-free Social Security' headlines. The OBBB offers a temporary tax deduction for certain retirees, which is different from eliminating taxes on benefits entirely — and it d...
Stealth Taxes have been in the tax code for decades, and several were added in the One Big Beautiful Bill Act....
Today we’re diving into one of the most “organic” investments out there—municipal bonds. Now, investing in municipal bonds may sound ... Read more...
While tax cuts sound attractive, it's still wise to plan ahead for retirement by considering strategies like Roth conversions to offset potential tax increases in the future and stealth taxes that cou...
Most people think the annual 401k limit is $70k. They're wrong. If you switch jobs or have a side hustle, you can open up a second 401k limit. Learn the strategy to contribute up to $140,000 into tax-...
Avoid delays when IRS tax refunds and Social Security paper checks are cut off. Here’s what to know....
To read this story on KSL.com, click here. “If you’ve saved more than $300,000 in a traditional IRA or 401K, congratulations – you’ve already cleared one of the biggest hurdles...
Lately, I’ve been thinking more about estate planning. Part of it is just getting older. Part of it is having young children I want to protect no matter what. And part of it is watching the unse...
Retirement planning is often framed as a numbers game where you can get lost in focusing on maximizing your 401(k), minimizing taxes, and chasing investment returns. But financial security alone doesn...
Tax-deferred retirement accounts can reduce taxes, protect assets, plan your estate, and boost returns. Ignore them at your peril. The post Tax-Deferred Retirement Accounts: A Gift from the Government...
As speculation grows that the Federal Reserve will soon start lowering interest rates, now is a good time to review your financial plans for housing, estate, taxes, investing and retirement to make th...
In this week's Ask the Editor Q&A, we answer four questions from readers on transferring 529 plan money to a Roth IRA....
A multi-million-dollar Google lawsuit and "Taylor Swift tax" made Kiplinger headlines this week — but why? Test your knowledge of this week's financial news....
Don't pay more tax on your investments than you need to. You can keep more money in your pocket (or for retirement) by avoiding these three common mistakes....
FROM THE ARTICLE. A health savings account can be a source of tax-free cash to cover medical expenses in your later years. By Cameron Huddleston, AARP. Published September 10, 2025. often-overlooked w...
The costs of homeownership may continue to rise in retirement. Here's how to manage that....
Consider the following scenario: You’ve carefully selected private equity investments for your IRA, excited about the potential for tax-advantaged growth. ... Read more...
The financial professionals who contribute to Kiplinger's Adviser Intel recently wrote about the five phases of retirement planning, the OBBB's potential impact on charitable giving and why you should...
Congress could look to high earners to help offset lost revenue and possibly shore up the Social Security program....
There may be some tax benefits to giving back in retirement....
Hello all, I want to retire to NYC where I lived for a decade in my 30s and 40s. I have missed it every day since. I'm planning to buy a verrrry small apartment for cash for about 500k with HOA+taxes ...
Answering reader questions about capital gains taxes and how to limit them, how to use tax losses in retirement, and how to be tax-efficient during your training years. The post Becoming a Millionaire...
We ask financial planning experts for advice....
When one spouse passes away, the survivor often faces what is known as the “widow’s tax.” It is not an official IRS tax, but the impact of moving from married to single tax brackets....
The post How the One Big Beautiful Bill Act of 2025 Changes Retirement Taxes appeared first on The Retirement Solution....
The post Is Your Retirement Plan Ready for the 2025 Tax Law Changes? appeared first on The Retirement Solution....
In this week's Ask the Editor Q&A, we answer questions from readers on estate and gift taxes....
Pre-tax dollars can go further than regular dollars these days, especially if you're in a high tax bracket. Here's how to take advantage. The post 13 Things You Can Pay for with Pre-Tax Dollars appear...
Social Security's combined retirement funds are running out of cash, and its insolvency date is expected to occur in less than a decade....
Social Security benefit payments might land you in hot water when filing 2025 taxes — here are three reasons why....
Your IRA will likely turn into an inherited IRA one day. Without proper planning, the IRS will take a big chunk of it....
You’ve heard Joe and Big Al talk about the benefits of tax diversification in retirement. That is, having money in tax-deferred, tax-free, and taxable accounts. But what should you do if this ta...
The One Big Beautiful Bill Act removes uncertainty over tax brackets and estate tax. Families should take time to review estate plans to take full advantage....
If my posts on the mistake of chasing value stocks or the need to invest big money to make life-changing money don’t resonate, consider hiring a financial professional to manage your portfolio. ...
Being a physician means that working long hours, keeping complex details in your head, and making big decisions on the ... Read more...
Let's break down the nanny tax, your responsibilities, and how to comply with IRS rules for paying a household employee. The post Hiring a Nanny? Here’s What You Need to Know About the ‘Na...
Could the Social Security 90th anniversary be a good time to revisit outdated tax thresholds?...
Since residents earn in the upper five-figure range, it’s easy for many to assume that tax optimization is a future-them ... Read more...
Sales tax holidays, crypto IPOs and USPS price hikes all made the headlines this week — but why? Test your knowledge of this week's financial news....
The new tax legislation offers unique opportunities to make smart financial moves and save on taxes, especially for people nearing or in retirement with significant savings....
I've tried searching for an answer to this and have found bits and pieces but am still confused. If I should be posting this somewhere else, please let me know and apologies in advance! My husband sta...
The portability of the estate tax exemption from one spouse to another has traps and pitfalls that many people don't know....
For Americans in lower- and middle-income tax brackets, the enhanced deduction for older people reduces taxable income, shielding most of their Social Security benefits from being taxed....
Most RSU holders know they will owe taxes, but few know exactly how much per share. Here is how to calculate the Tax Impact Per Share so you can sell smarter and stop letting “because of taxes&r...
What is one thing the OBBBA Tax Changes have in common with the Alps? Today, I’m going to answer that riddle. I’m also going to highlight the key issues from […] The post OBBBA Tax ...
In this week's Ask the Editor Q&A, we answer tax questions from readers on converting a traditional IRA to a Roth IRA....
The Not Advice Podcast is live! I’m co-hosting with Brent Sullivan (Tax Alpha Insider) to nerd out on RSUs, equity comp, FIRE, and more. Episode 2 streams Thursday, August 7th at 11am PT on Link...
For years, I gave to charity by donating cash. But I've changed my approach to maximize my tax savings while still giving the same amount. The post Optimizing Charitable Giving for Maximum Tax Savings...
Don’t overpay your taxes, find out how to maximize your Social Security with the country’s leading experts Ryan and Tyson Thacker. By:Spotlight Television The Retirement Brothers Tyson and...
To read this story on KSL.com, click here. “You’ve heard of ‘compounding interest,’ right?” asks Utah financial advisor Ryan Thacker. “It’s your money rolling...