CountryGal
Recycles dryer sheets
- Joined
- Jan 11, 2016
- Messages
- 235
Working on the taxes and it looks like we are going to owe state tax due to interest income on some taxable accounts. This is the first time it has happened and first time we had significant interest income. One is from CDs we got this year and the other is from a taxable brokerage account opened in past year or so.
Question - should we move as much as we can to an IRA to shield us from the state taxes? We are 58 and 65 and have 401ks.
Thanks!!
Question - should we move as much as we can to an IRA to shield us from the state taxes? We are 58 and 65 and have 401ks.
Thanks!!