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Retirement Income Means Taxes

Some of your weekends this month may involve income taxes.  Here's some basic tax planning offered by BusinessWeek online.

In general, Uncle Sam taxes a traditional pension, or withdrawals from a 401(k) or traditional IRA, at the same rate as money you earn from a job. The amount you pay -- anywhere from 10% to 35% -- will depend on your tax bracket.

Posted on Friday, March 10 by Registered CommenterWise Owl in | Comments Off