Get Answers About Retirement Income

Double taxation? Help

I have income in Germany from a Local company, and a US Army retirement income from the US. The IRS adds my German taxed income on the US Army retiremen income and therefore taxes my US Army income twice as much...

Answered 8/13/2010 | Answer This | 3 Answers | See Question

Can you reduce the amount of taxes you pay by giving your children a gift of money each year?

We are retired at age 60 and our retirement income is $133,000 annually. Instead of paying a large amount in taxes, can we give our children a gift of money each year and deduct that from our taxes? We also give...

Answered 6/13/2010 | Answer This | 1 Answer | See Question

Does VA Disability income affect a federal employees retirement income

I have a small disability income from the VA and I work for the federal goverment. When I retire will this VA disability income affect the amount I will get from the Federal Goverment retirement plan I am on the...

Answered 6/8/2010 | Answer This | 1 Answer | See Question

Which payroll deduction contributions to retirement income and disability benefits?

Asked 6/7/2010 | Answer This | 0 Answers | See Question

What is the safest method of generating retirement income?

Asked 6/6/2010 | Answer This | 0 Answers | See Question

Where do you show usa military retirement income?

Asked 6/4/2010 | Answer This | 0 Answers | See Question

Where do you show us military retirement income?

Asked 6/4/2010 | Answer This | 0 Answers | See Question

What is employee retirement income secrity act?

Asked 6/3/2010 | Answer This | 0 Answers | See Question

What tax form do i use for retirement income?

Asked 6/2/2010 | Answer This | 0 Answers | See Question

What tax form is used for retirement income?

Asked 6/2/2010 | Answer This | 0 Answers | See Question

Do i pay fica taxes on 401k/retirement account income? what percentage?

Answered 8/8/2007 | View Answer | See Question

Once somebody retires, how do they start getting monthly income from their retirement plan?(401k, ira, etc.)?

Who do they consult, when will they start getting the money, is it all a lump sum or monthly installments? Answers of that nature

Answered 10/13/2007 | View Answer | See Question

What will be my (income) tax rate for 401k withdrawal after retirement?

Let's say I'm 65 years old now, not yet retiring. My current income is about $200K, so my income tax rate is the highest (state & federal.) In a few years, I will retire and plan to withdraw about $50K...

Answered 7/5/2007 | View Answer | See Question

Looking ahead to retirement, you sign up for automatic savings in a fixed-income 401k plan that pays 6%?

per year compounded annually. You plan to invest $3500 at the end of each year for the next 20 years. How much will your account have in it at the end of 20 years? $130,520 $127,207 $128,750 $130,048

Answered 10/17/2007 | View Answer | See Question

How can a middle aged person best reach a desired income for retirement other than company match 401k's.?

I am looking to reach a goal of atleast greater than 500,000. dollars by age 55 and i am 36 yrs. of age now.I am kind of familiar with retirement calculators,but am confident that there are some individuals that...

Answered 7/1/2006 | View Answer | See Question

Retirement planning: what do i do with my 401k and ira?

Fact: My wife & I will retire at 62, won't live in USA, & will have 3 types of securities-related incomes: my 401k + IRA & her Roth IRA. We have an after-tax-dollars joint mutual fund account. When we reach...

Answered 2/7/2008 | View Answer | See Question

When calculating how much income is needed at retirement,should money be added for taxes on 401k withdrawal?

I have my current monthly budget, I take out the P&I from my mortgage, take out student loans and add $1300 for health benefits then compund the final amount at 3.15% a year until I retire. Should I then take...

Answered 3/9/2007 | View Answer | See Question

What percent of your income do you contribute to your 401k or retirement plan?

Me 36%

Answered 6/16/2007 | View Answer | See Question

I just opened a 401k in oct and have a retirement plan. do these count as 'taxable interest income?' help!

i am trying to file 2007 taxes and i don't think that 401k's and retirement plans are taxable but i tried using some tax calculators and they were asking me if i had a 401k etc so i got confused. this is...

Answered 1/29/2008 | View Answer | See Question