Do you know how your retirement income will be taxed?
Tell us which income sources you expect to have in retirement. We'll show you how they're generally taxed.
Social Security
Roth 401(k)
IRA
Roth IRA
401(k)
Taxable Brokerage Account
Municipal Bonds
Cash Value Life Insurance
Calculate
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Taxable Income
Tax-free Income*
Social Security
401(k)
IRA
Taxable Brokerage Account
Municipal Bonds
Roth IRA
Roth 401(k)
Cash Value Life Insurance
Balanced retirement income sources
It looks like you've got a good mix of retirement income sources— both tax-free and taxable/tax-deferred.
Taxable Income
Tax-free Income*
Not sure about your tax balance?
You’re in the right place. A New York Life financial professional can help you understand what it means and what to do next.
Taxable Income
Tax-free Income*
Heavier weighting on taxable retirement income sources
Most of your retirement income will be coming from taxable / tax-deferred sources, which will be subject to taxation in retirement. It may be a good idea to consider balancing it out with some tax-free income sources.
Taxable Income
Tax-free Income*
Heavier weighting on tax-free sources
While the exact balance of your retirement income will depend on your account balances and retirement income strategy, it looks like most of your retirement income will be coming from tax-free sources. That could mean paying less in taxes in retirement!
Please select at least one income source to get started.
Still, it may be a good idea to take advantage of tax-deferred retirement accounts to lower your tax hit today. A New York Life financial professional can help you strike the right balance.
Still, the exact balance of your retirement income will depend on your account balances and retirement income strategy. A New York Life financial professional can help you strike the right balance for your individual needs.
Still, the exact balance of your retirement income will depend on your individual needs. A New York Life financial professional can help you strike the right balance.
* Certain interest, although exempt from federal income tax, may still be reportable to the IRS and, in certain circumstances, may be subject to the alternative minimum tax (AMT).
*Certain interest, although exempt from federal income tax, may still be reportable to the IRS and, in certain circumstances, may be subject to the alternative minimum tax (AMT).
*Certain interest, although exempt from federal income tax, may still be reportable to the IRS and, in certain circumstances, may be subject to the alternative minimum tax (AMT).
*Certain interest, although exempt from federal income tax, may still be reportable to the IRS and, in certain circumstances, may be subject to the alternative minimum tax (AMT).