Social Security Report

Latest News

5 Sources of Retirement Income That Aren’t Taxable

One way to keep more of your money in your golden years is by incorporating non-taxable income into your retirement plan.  Maurie Backman lists some examples: municipal bonds, HSA withdrawals, and life insurance cash-outs.  Social Security sometimes escapes taxation, as long as your non-Social Security income plus half of your annual benefits falls below $25,000 as a single tax filer, or below $34,000 as a couple filing taxes jointly.  Roth IRA and Roth 401(k) withdrawals are tax free in retirement.  Read Backman’s full piece here.

Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or socialsecurityreport.org.