HockeyMike35
Confused about dryer sheets
- Joined
- Jun 21, 2005
- Messages
- 3
I am trying to understand some basics about taxes in retirement. I have 3 accounts a taxable, a Roth IRA and a 401(K). I know about 72(t) and how that works. My question is how are each of these taxed?
Roth- No taxes
Taxable- Long term capitol gains rate 15% (On investment gains only)
401(K) - ?
Do I pay social security / medicare tax on any of these? State Taxes? Any explaination would be greatly appreciated. A rough percentage based on 50K retirement income would be helpful.
Thanks!
Roth- No taxes
Taxable- Long term capitol gains rate 15% (On investment gains only)
401(K) - ?
Do I pay social security / medicare tax on any of these? State Taxes? Any explaination would be greatly appreciated. A rough percentage based on 50K retirement income would be helpful.
Thanks!