Tag: retirement

How Will I Be Taxed in Retirement?

Taxes in Retirement

A traditional IRA and a 401(k) are tax-deferred retirement accounts.  The money is left in these types of accounts to grow and collect dividends.  However, when you start taking withdrawals you will pay taxes.  Roth IRAs differ in that contributions are not tax-deductible, but when you begin taking withdrawals this will be tax-free.  A portion of your social security benefits may be taxed if your provisional income exceeds $25,000.

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Save Money On Taxes During Retirement

Save Money on Taxes During Retirement

Nashua, NH Couple Looks For Suggestions

One of the easiest ways to keep your tax bill down in retirement is with a Roth IRA.  With this account, contribution withdrawals and money earned are tax-free.  A health savings account or HSA is a good way of setting aside money for medical expenses, tax-free. 

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405 Daniel Webster Hwy
Merrimack, NH 03054
(603) 429-2009

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Wednesday: 9AM-4PM
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Friday: Closed
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Tuesday: 9AM-5PM
Wednesday: 9AM-5PM
Thursday: 9AM-5PM
Friday: 9AM-4PM
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