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How Different Types of Retirement Income Are Taxed
Manage episode 461075790 series 3428540
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Many retirees have several sources of retirement income: IRAs, 401k accounts, personal money, pensions, and Social Security, to name just a few. Because of this, they may find that it's extremely hard to predict their tax bill each year if they're not sure how - or if - these sources of income will be taxed.
Knowing the potential taxation of your income can put you in a much better position from a financial planning perspective. But how do you know what types of income may or may not be taxed?
Simple - have a listen to this week's episode of Managing Your Financial Future with podcast host Johnny Dean and "Professor" Rick Plum, CFP® as they tell you what you need to know about the taxation of your retirement income!
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