Beware of Hidden Taxes in Retirement: Retirement Scan Reviewed by Momizat on . Retirees may face a more complicated tax situation than when they were still working.  For example, a portion of their Social Security benefits may be taxed at Retirees may face a more complicated tax situation than when they were still working.  For example, a portion of their Social Security benefits may be taxed at Rating: 0
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Beware of Hidden Taxes in Retirement: Retirement Scan

Retirees may face a more complicated tax situation than when they were still working.  For example, a portion of their Social Security benefits may be taxed at the federal level if their combined income, which is their adjusted gross income, plus any non-taxable interest and 50% of their benefits, exceeds a certain limit.  Their retirement benefits may also be subject to state income taxes.  Those who reach the age of 70 1/2 will have to take mandatory distributions from tax-deferred accounts that could boost their taxable income.

To read the full article in FinancialPlanning, click: Beware of Hidden Taxes in Retirement: Retirement Scan.

The National Association of Certified Valuators and Analysts (NACVA) supports the users of business and intangible asset valuation services and financial forensic services, including damages determinations of all kinds and fraud detection and prevention, by training and certifying financial professionals in these disciplines.

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