How 10 Types of Retirement Income Get Taxed

You’ve spent a lifetime saving for retirement, but do you know how your various sources of retirement income will be taxed? For example, your traditional IRA and pre-tax 401(k) withdrawals will be taxed as ordinary income, but Roth IRA withdrawals will be tax-free as long as you are at least age 59 ½. Social Security income taxation is more complex and depends on your provisional income. How are annuities, municipal bonds, pensions and other sources taxed? To learn more, please read this informative article from Kiplinger on How 10 Types of Retirement Income Get Taxed: https://lnkd.in/gr96jtb