• Beware of hidden taxes in retirement

    4 monthes ago - By Chron

    Your taxes in retirement may be a lot more complicated than taxes while you're working.
    Social Security checks may or may not be taxed, depending on your income. You'll pay federal income taxes on most retirement plan withdrawals , but additional state taxes depend on where you live. Tax rates on investments can vary as well.
    Here's what to expect when you hit retirement age:
    SOCIAL SECURITY TAXES DEPEND ON 'COMBINED INCOME'
    Whether and how much of your Social Security benefit is taxed will be determined by "combined income." That's your adjusted gross income, plus any non-taxable...
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