Is retirement income such as Social Security and pensions taxable? If so, are they taxed as regular income?
Posted: under Pensions.
Tags: How Much Money, Iras, Social Security, Ss, Tax Question
Brian asked:
I am trying to do some long term planning as to how much money I need to retire. Some people have told me that Social Security is not taxed. Others have said that a government pension is not taxed. I understand the taxes around 401K’s and IRAs. But the tax question around SS and government pensions will make a huge difference in my planning calculations.
Savannah
I am trying to do some long term planning as to how much money I need to retire. Some people have told me that Social Security is not taxed. Others have said that a government pension is not taxed. I understand the taxes around 401K’s and IRAs. But the tax question around SS and government pensions will make a huge difference in my planning calculations.
Savannah
Comments (3)
May 04 2008