FYI: What government gives with one hand, it takes back with the other.
I’m serious. We experience the taxation of Social Security benefits as a tax on money withdrawn from our retirement plans. Many middle-income retirees are now paying taxes on those withdrawals at a 28.25 percent rate. That’s higher than the 15 percent top rate they paid throughout their working careers
Regards,
Ted
http://assetbuilder.com/scott_burns/the_other_enemy_of_401(k)_plans_(and_your_retirement)
