Retirement Tax Tips

Recent Articles

An Early Withdrawal From Your 401(k): Understanding the Consequences
Cashing out or taking a loan on your 401(k) are two viable options if you're in need of funds. But, before you do so, here's a few things to know about the possible impacts on your taxes of an early withdrawal from your 401(k). Read more…

States that Don't Tax Military Retirement
Taxing military retirement pay is a decision left up to the states. Find out which states don't tax military retirement and what else you should consider before moving to a state that doesn't tax your retirement pay. Read more…

Video: Do Social Security Income Recipients Pay Income Taxes?
You would think that when you finally retire and start collecting Social Security that you no longer have to pay income tax. But this isn't always true. Watch this video to find out more about income taxes for those on Social Security. Read more…

Video: Tax Tips for Retirees
Learn how to minimize the amount of taxes you owe each year with these tax tips for retirees. Watch this short video for small tips that can make big savings when taxes are due. Read more…

When to Use Tax Form 1099-R: Distributions From Pensions, Annuities, Retirement, etc.
Form 1099-R is used to report the distribution of retirement benefits such as pensions and annuities. You should receive a copy of Form 1099-R, or some variation, if you received a distribution of $10 or more from your retirement plan. Read more…