6 Types of Retirement Income That Aren’t Taxable

November 13, 2022 By : Quick Insurance Guru Floral Separator

The effects of taxes is overlooked during retirement planning.

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Depending on the situation, taxes can take a significant bite out of your nest egg.

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A $1 million portfolio in a traditional IRA or 401(k) plan would be worth $800,000.

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If you hold an investment in a brokerage account, you may also see income on it.

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If you can save a lot during your career, there is a better option.

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Here are several types of retirement income that are not taxable.

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1. Roth Withdrawals

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2. Inheritances

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3. Municipal Bond Income

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4. HSA Withdrawals

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5. Social Security Payments*

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6. Life Insurance Proceeds

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THANKS FOR READING!

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