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Author: SirTas Big gold star, 5000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 124998  
Subject: tax in retirement Date: 6/22/2003 5:17 PM
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I really don't know much about how income tax works for retired people ... so, my concerns are pretty rudimentary ....

In my own case, I anticipate the following sources of income in retirement:

Roth account
income from rental property
social security
income from the state retirement system

Now I figure that the money in the Roth account will have no impact at all on income tax and that the 401(k) money and any income from rental property will be taxed as ordinary income. But I'm not sure about the other two. Is there a certain amount of social security that is receivable tax-free? (Even if I have taxable income from my other sources?) And if there is a cut-off point or income level beyond which tax must be paid, I don't know whether this would include money from the state retirement system, social security--in addition to any other income (like from the 401(k), but not from the Roth account, which I think of as having no impact at all on income tax), or what...

If there is a publication about this that I should read, or a good website to visit, please let me know.

If you can address these concerns off the top of your head, TIA!


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