Just because all of your retirement check is subject to income taxes

Postado por , no dia 24 de maio de 2011 em Sem categoria

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Just because all of your retirement check is subject to income taxes does not mean it is all taxable. If you contributed any of your own funds on a post tax basis to your own retirement fund, such as an IRA, or to your employer’s pension fund, or 401(k) fund, then a proportionate portion will be withdrawn tax free, even if you are making an early withdrawal. In general, you will compare your after tax contributions to the total value of your retirement fund and calculate a percentage.

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