Tag Archives: RetirementPlan

Watch Out for These Hidden Taxes in Your Retirement Plan

If you have started to further develop your retirement plans, you may have noticed that your taxes in retirement can be a lot more complicated than your working taxes. Social Security checks are not always taxed, which will depend on your income. Tax rates will depend on additional state taxes, as well as any other investments you might have. What Taxes Should I Look Out for in My Retirement Plan? Combined income taxes. How your Social Security benefit is taxed will depend on your combined income. This is also known as your adjusted gross income, plus any non-taxable interest and…