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Not all income is taxable. It’s especially important for retirees to know what income they can access that won’t be taxed. It’s equally critical for pre-retirees to understand retirement income taxation in helping with their planning…
First, we want to mention the 6 most common retirement income sources that are generally taxable.
Below are the 6 most common retirement income types you may receive without income taxes being levied.
NOTE: there can be variances with certain income types that adjust the taxation.
If you have questions about your specific income and the corresponding taxation, don’t hesitate to contact us…we’re here to help!