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Retirement Tax Planning: It Can Be Complicated
Paying taxes in retirement should be a substantial issue in one’s financial planning, not only with respect to the federal tax on Social Security benefits but also on the state-level levy in those states where it exists. Beyond that, though, the taxation issue as it applies to deferred compensation plans (401k withdrawals, IRAs, etc.) typically requires quite a bit if thought and expert guidance. In an article by Abbey Slattery of WRAL Digital Solutions, the key elements of this planning process are covered. Check out this www.wral.com post here…
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