You will also want to assess tax liability from various investments, earnings, and proceeds. Here's a breakdown of some common retirement income sources and a brief description of their federal ...

The median income for Americans 65 and older is $50,290. The mean (average ... in retirement savings would not only affect retirees' quality of life but could cost the public if taxes are raised ...

Arizona levies a flat 2.5% tax on all income, including retirement income that’s taxable by the federal government. The only exceptions are for retired military members and their spouses ...

On average, the S&P 500 yields ... This is called spillover income and is one of the accounting tools wealthy investors use to lower their tax implications. This confusion, like so many things ...

Which states tax Social Security? Most states don't tax Social Security but some do. Here's which ones they are, and how they ...

The good news is, it's possible to have a retirement income of around $100,000 and pay no federal taxes. Here's how. When you sell investments in a taxable brokerage account, you're taxed only on ...

To boost your retirement savings, look for ways to increase your income ... taxes to be paid on contributions upfront but allow tax-free access to those funds after age 59 1/2. While knowing the ...

Learn how to create a personalized drawdown strategy that maximizes your retirement income while minimizing your tax burden.

Opinions expressed by Forbes Contributors are their own. David Rae is a gay Financial Planner, president DRM Wealth Management. It probably isn’t surprising to you that taxes can be one of your ...

With the tax-filing season in progress, you probably have wondered how you compare with other Arizonans. Here are some ...

IRS tax refund may arrive sooner than you think. Here’s a schedule for when you can expect your check or direct deposit.

Retirees only need to consider federal income tax on their employment earnings. This can be particularly beneficial for retirees who rely on investment income to fund their retirement. However ...