Understanding the Consequences of Taxes on Fixed Income

Published: April 10, 2023, 3:25 p.m.

b'April 10, 2023\\xa0on\\xa0ForYourBenefit,\\xa0host Bob Leins, CPA\\xae welcomes John Jilek, CFP\\xae.\\xa0Are you thinking about retiring soon?\\xa0Do you understand the consequences of taxes on fixed income? Tune in to this program to enhance your understanding of the following:\\n\\nTax Withholding 101 for Federal employees. Be prepared to fully understand how you are taxed at the Federal, State, and Local levels.\\n\\nUnwinding the myth of retirement in a lower tax bracket. It just doesn\\u2019t happen for FEDs.\\n\\nUnderstanding the taxation issue associated with TSP pretax contributions and growth.\\n\\nRoth TSP contributions. It\\u2019s not too late, take advantage of this before you retire to build a tax-free nest egg.\\xa0No \\u2013 You don\\u2019t make too much income to contribute.\\n\\nConsider a team of professionals to help you through the critical years transitioning from working income to retirement income.\\n\\nThe Secure Act and Secure Act 2.0 may not favor you or your beneficiaries. Make sure you plan appropriately.\\n\\nFor questions or comments, email us in advance at\\xa0ForYourBenefit@nitpinc.com'