How much can you withdraw from a retirement account without paying taxes?

Answer

It depends on what kind of retirement account you're withdrawing from. Is it a pre-tax or post-tax account? There are also variables regarding the tax laws and whether you withdraw more or less than your yearly standard deduction. I highly recommend a book called "The Power of Zero" that does a great job of explaining how to minimize the amount of taxes you pay in retirement. It's full of useful information written in laymen's terms so that anybody can understand it.

Updated on April 10, 2018

Original Article:

How Much Money Do You Really Need When You Retire?
By Rebecca Young
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