37 States That Don't Tax Social Security Benefits
In retirement, you can say goodbye to bosses, time clocks, and unpleasant office meetings -- but you cannot escape taxes. Uncle Sam wants a chunk of your retirement income, whether it comes from your 401(k), traditional IRA, or Social Security benefits. And your home state might get a piece of the action, too.
Taxes are an easily overlooked retirement expense. You might make plans generally to live off $70,000 annually in your golden years. But if that money is coming from a 401(k), traditional IRA, or Social Security, your first budget line item has to be those income taxes. Otherwise, you may not have enough cash to cover your living expenses, or you'll owe a bunch come tax day.
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Source Fool.com
