Qualified Retirement Accounts
- Taxation: 100% of the income is taxable.
- Exception: Roth-based accounts are not taxable.
Nonqualified Retirement Accounts
Taxation of Retirement Income
|Retirement Account Type
|100% taxable (except Roth-based)
|Only the growth is taxable
Understanding the tax implications of retirement income is crucial for effective financial planning. Qualified retirement accounts, except Roth-based ones, are fully taxable, while nonqualified accounts are taxed only on growth. This knowledge helps in strategizing for a more secure and efficient retirement. Contact us today for a free quote.
Request A Quote
Get help or a quote from a licensed financial professional. This service is free of charge.