One often-overlooked aspect of retirement planning is the effect of taxes.
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Types of Retirement Income That Aren’t Taxable
One often-overlooked aspect of retirement planning is the effect of taxes. Without proper planning, taxes can take a significant bite out of your nest egg.
Traditional routes of generating money during retirement (as commonly suggested by financial experts) include taking advantage of retirement income.
Generally speaking, income you earn from your job or business is fully taxable at the federal level and, where applicable, at the state level.
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Unwritten rules guide us throughout our lives, from infancy to old age.