Will My Retirement Fund Withdrawals Affect My Social Security Benefits?
Social Security provides a guaranteed source of income in retirement, but what many don't realize is that you're not guaranteed to keep it all. Some retirees owe taxes on their Social Security benefits, but it all depends on your income. Here's a closer look at how your retirement fund withdrawals play into all of this.
Your combined income determines whether you owe taxes on your Social Security benefits. This is defined as your adjusted gross income (AGI) plus nontaxable interest plus half of your annual Social Security benefits.
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Source Fool.com
