Retirement Income

This handout discusses a taxpayer's various sources of retirement income including Social Security, pension, and IRA distributions. Age-specific requirements and tax implications are highlighted.

HIGHLIGHTS: 

  1. Social Security full retirement age.

  2. Social Security early retirement reduced benefits.

  3. Pension income.

  4. IRA distributions including required minimum distribution rules.


CLIENTS WHO MAY BENEFIT:

  1. Taxpayers nearing retirement age.

  2. Taxpayers who will soon attain age 70 1/2.

Planning & Life IssuesClare FazackerleyPlanning, IRA, Retirement, IRA Restrictions, SSRI, SSI, Retirement Income, Retirement Planning, Retirement Distributions, Roth IRA, Retiring Early, Early Retirement, Saving for Retirement