Deborah Morgan and Company, Inc. has been helping entrepreneurs, business owners, non-profits and individuals like you grow and prosper for more than 25 years. We specialize in helping you achieve the long-term growth you seek, and we pride ourselves on our uniquely proactive approach to both defining and fulfilling the individual needs of each and every one of our clients

Dec 4

Dec 4 TAX TIP TUESDAY: Retirees, You Still Owe Taxes

Victoria Swarthout

Tax Tip Tuesday, Retirement Planning, Tax Tips

Did you know that full retirement doesn’t end your income tax obligations? You’ll owe income taxes on withdrawals from a traditional IRA or 401(k) plan, and you’ll owe taxes on investment income outside your retirement plans (interest, dividends, capital gains, etc.).

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Also, if your income exceeds a threshold amount, you could owe taxes on your Social Security benefits. Call our office at 805-496-2828 for tax planning assistance.