Your current location:HOME >travel >If you're retired or about to retire, think carefully about your tax strategy 正文
TIME:2024-05-22 10:23:39 Source: Internet compilationEdit:travel
NEW YORK (AP) — Coming up with the best tax strategy in retirement can be much trickier than it seem
NEW YORK (AP) — Coming up with the best tax strategy in retirement can be much trickier than it seems, and tax pros agree it’s a time when people need to be especially careful to look at their entire financial picture before deciding on things like 401(k) withdrawal amounts and timing, or when to begin taking Social Security.
“It’s the biggest change in life other than death. Don’t be so quick about deciding when to take Social Security benefits or 401 benefits. Talk to a tax professional before you make these decisions to avoid surprises. It may save you a lot in tax dollars,” says Tom O’Saben, director of tax content and government relations at the National Association of Tax Professionals.
Withdrawing a large amount to do something like pay off a mortgage could result in a dramatic increase in what percentage of your Social Security benefits will be taxed, for example.
Biden to release 1 million barrels of gasoline in bid to lower prices at pump2024-05-22 10:17
Reggie Yates' fans send heartfelt congratulations after he delightedly shares baby news2024-05-22 10:04
TOWIE's Ella Rae Wise puts on a leggy display in tiny black hotpants with an ab2024-05-22 09:57
World awaits Chinese tourists' return2024-05-22 09:47
Hush money trial: Trump witness Costello back on the stand after admonishment2024-05-22 09:32
TOWIE's Ella Rae Wise puts on a leggy display in tiny black hotpants with an ab2024-05-22 09:17
What do women want? Mandarin pop song lyrics reveal a shift, study shows — Radio Free Asia2024-05-22 09:09
China: An active participant in promoting human rights within the framework of global governance2024-05-22 08:49
Australia as Bangladesh vow to boost trade as foreign ministers meet in Dhaka2024-05-22 08:08
The WEF’s chairman is still alive and well, despite claims online2024-05-22 07:58
EU seals a deal on using profits from frozen Russian assets to help arm Ukraine2024-05-22 10:17
An ocean of opportunity2024-05-22 10:10
An ocean of opportunity2024-05-22 09:56
Thailand to charge entry fees for international traveler from June2024-05-22 09:34
Austrian leader lauds UK's efforts on migration and cites its plan for deportations to Rwanda2024-05-22 09:33
Innovative greening manifests China's environmental preservation drive2024-05-22 09:26
The 39th Harbin International Ice and Snow Festival is around the corner2024-05-22 09:13
President Lula has set Brazil on a new diplomatic course2024-05-22 08:47
Hometown of Laura Ingalls Wilder set for a growth spurt2024-05-22 08:47
TOWIE's Amber Turner breaks down in tears as ex2024-05-22 07:57