How Typical Sources of Retirement Income Get Taxed 

As you tally up what your income in retirement may look like (or already is), don’t forget to account for taxes. This video discusses how some of your primary sources of retirement income gets taxed and 5 strategies to help reduce those taxes and keep more of your income with you vs. going to the IRS
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In the video, I cover how much typical sources of retirement income get taxed.
-Tax on social security benefits
-Tax on pension benefits
-Tax on rental income
-Tax on retirement savings
-Tax-free income in retirement
-Tax on Annuities
-Tax on municipal bonds
At the end of the video I review 5 strategies to reduce your taxes which can help increase your retirement income.
1. Tax Diversification
2. Tax-Efficient Funds
3. Contribute to an HSA
4. Roth Conversions
5. Timing
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#taxesinretirement
#taxreductionstrategies