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Thread: Reducing Tax Liability

  1. #37

    Default Re: Reducing Tax Liability

    For any Alabama retirees out there a proposal is being considered this week to eliminate the state income tax exclusion for federal and state retirees annuities and Social Security income. Key consideration in where to retire. You may wish to express any concerns to the Governor's Office or your representatives.

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  3. #38

    Default Re: Reducing Tax Liability

    Quote Originally Posted by gooster32 View Post

    Another question I have... When is it a good idea to start a Roth IRA? They are available with my employment.
    In addition to Frixx's and PO's responses, you must keep your Roth for at least 5 years and you must be at least 591/2 to start withdrawals or else, you'll incur the 10% penalty...
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1

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