When I retire in 2014 from teaching in Georgia at age 68, with just short of 33 years, will I have to pay taxes on my retirement? My pension will be about $3,100 a month. Wendy: Yes, you will pay Federal Tax on your pension. I also found the Georgia state law on pensions and you can click to read it.You won't pay a variety of deductions you now have, like Social Security, retirement deductions, deferred compensation, etc. But YES, always taxes....
Click here to post comments
Join in and write your own page! It's easy to do. How? Simply click here to return to Retirement Questions/Answers.
Wendy's other site... because Aging Matters!
Search Site Here
Retirement-Online Weekly Newsletter
Copyright © 2008-2019 All rights reserved.
** Retirement Insider Newsletter Archives **