INCOME AND TAXATION

RETIREMENT INCOME AND TAXATION When you retire, you will need income to finance your normal living expenses. You should consider what the sources of that income will be, and how that income will be taxed. Knowing the general outlines of the taxation of different forms of income may influence your decisions about investing your savings. What do you need to know about income and taxation? Below are some of the typical types of retirement income and a description of how they are taxed. Although this list does include many common…

Home Ownership on Retirement

The Impact of Home Ownership on Retirement. What role should home equity play in your retirement plans? We explain all. Your home is more than four walls and a roof. (And hopefully a floor.) For owners with significant equity in their homes, it can also be a money tree. For Fools, the trick is in deciding whether, when, and how to start harvesting that cash. Early in retirement? Later? Or never? That’s a personal decision. Your home is one of the biggest investments you’ll ever make, and an important symbol…