Latest News
Retirement savers: Remember the taxes
Two things happened recently that made me think about taxes and retirement saving. First, my husband and I prepared our taxes and for the first time had to take money out of a tax-deferred plan and pay taxes on those withdrawals. Since I think about pensions all day long, it should probably not have come as a surprise that after decades of deferring tax payments the day would finally come when taxes were due. But it was a surprise. And I realized then when the Center for Retirement Research reports figures of how much people have in retirement saving, we never mention that these sums are pre-tax amounts…Read More
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.