Month: November 2022

6 Types of Retirement Income That Are Not Taxable

One often-overlooked aspect of retirement planning is the effect of taxes. Without proper planning, taxes can take a significant bite out of your nest egg. A $1 million dollar portfolio in a 401(k) plan or traditional IRA, for example, might be worth $800,000 or less...

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Is Alimony in Massachusetts Taxable?

When you're thinking about filing taxes after a divorce, you may want to know how your taxes will change. The federal tax impacts of divorce aren't as large as they used to be. Each state has its own state income tax laws. How divorce-related payments and income are...

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