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Beware of hidden taxes in retirement

Source: https://seattletimes.com/business/beware-of-hidden-taxes-in-retirement/ - Jun 11, 2018

Your taxes in retirement may be a lot more complicated than taxes while you’re working.

Social Security checks may or may not be taxed, depending on your income. You’ll pay federal income taxes on most retirement plan withdrawals , but additional state taxes depend on where you live. Tax rates on investments can vary as well.

Here’s what to expect when you hit retirement age:

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Category: General Business