Taxes on different types of pension income: what to know

Taxes on different types of pension income: what to know

Managing taxes in retirement can be difficult. Your tax situation may differ from your working years due to changes in income and tax brackets. Required withdrawals from retirement accounts and income from other sources can also affect your tax liabilities.

That’s why it’s critical to know how common sources of retirement income are taxed. Having this information can help you develop a tax-efficient strategy for your retirement years.

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