How is a pension taxed?
- July 22nd, 2020
- David Greene
- Comments Off on How is a pension taxed?
As a pension fund is growing during an employee’s working years, it is usually funded with pre-tax dollars and the money going into the pension is not taxed at that time. However, when a person retires and begins receiving his…
Can I be taxed in retirement? How?
- October 31st, 2018
- David Greene
- Comments Off on Can I be taxed in retirement? How?
There are six primary ways you can be taxed in retirement: (1) Traditional IRA or 401(k) withdrawals – this money is always taxed when taken out, no matter at what age; (2) Social Security benefits – whether or not taxed…