An Advisor’s Guide to Understanding Retirement Taxes
January 20, 2022 at 16:53 PM EST
All income isn’t the same, particularly when it comes to taxes in retirement. Some income sources are taxed differently than others in retirement, and taxation rates depend on the retiree’s filing status and the total income they bring in each year across all sources. Understanding both tax brackets and the interplay of taxable and non-taxable income can help retirees or those looking to build their retirement income portfolio better plan for the future.