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2. It's True: These 37 States Do Tax Some Retirement Income - AOL

   www.aol.com/finance/true-37-states-tax...

   Nevertheless, with most state income tax rates ranging anywhere from 4% to 13%, avoiding these income taxes could save you hundreds if not thousands of dollars per year.

3. States that tax Social Security benefits — including changes ...

   www.aol.com/finance/states-that-tax-social...

   Colorado. Colorado reduced its income tax rate to 4.25% in May 2024, down from 4.4% in 2023. But if you turn 55 during the tax year, you can write off up to $20,000 in Social Security benefits. As ...

4. Do you have to pay taxes on your retirement income? It ... - AOL

   www.aol.com/finance/pay-taxes-retirement-income...

   In general, though, if your provisional income is below $25,000 (or $32,000 for joint filers), your benefits are tax-free. If it falls between $25,000 and $34,000 (or $32,000 to $44,000 for joint ...

5. It's True: These 37 States Do Tax Some Retirement Income - AOL

   www.aol.com/true-37-states-tax-retirement...

   These 9 states tax Social Security benefits. Here are the nine states that do tax Social Security benefits: Colorado. Connecticut. Minnesota. Montana. New Mexico. Rhode Island. Utah.

6. Retirement plans in the United States - Wikipedia

   en.wikipedia.org/wiki/Retirement_plans_in_the...

   Retirement plans are classified as either defined benefit plans or defined contribution plans, depending on how benefits are determined.. In a defined benefit (or pension) plan, benefits are calculated using a fixed formula that typically factors in final pay and service with an employer, and payments are made from a trust fund specifically dedicated to the plan.

7. Congressional pension - Wikipedia

   en.wikipedia.org/wiki/Congressional_pension

   Congressional pension is a pension made available to members of the United States Congress. As of 2019, members who participated in the congressional pension system are vested after five years of service. A pension is available to members 62 years of age with 5 years of service; 50 years or older with 20 years of service; or 25 years of service ...