You can avoid some of the tax burden by waiting until you're in a lower income tax bracket in retirement before you withdraw the funds.
Financial and business terms. 2012.
income tax bracket — noun a category of taxpayers based on the amount of their income • Syn: ↑income bracket, ↑tax bracket • Hypernyms: ↑bracket … Useful english dictionary
tax bracket — The percentage of tax obligation for a particular taxable income. Bloomberg Financial Dictionary * * * tax bracket tax bracket ➔ bracket * * * tax bracket UK US noun [C] (also income tax bracket, also UK tax band) TAX … Financial and business terms
tax bracket — noun a category of taxpayers based on the amount of their income • Syn: ↑income bracket, ↑income tax bracket • Hypernyms: ↑bracket * * * ˈtax bracket f45 [tax bracket] … Useful english dictionary
Income tax in the United States — UStaxationThe federal government of the United States imposes a progressive tax on the taxable income of individuals, partnerships, companies, corporations, trusts, decedents estates, and certain bankruptcy estates. Some state and municipal… … Wikipedia
Tax bracket — Tax brackets are the divisions at which tax rates change in a progressive tax system (or an explicitly regressive tax system, although this is much rarer). Essentially, they are the cutoff values for taxable income mdash; income past a certain… … Wikipedia
tax bracket — n. A category of income that is subject to a particular tax rate. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. tax bracket The percentage rate at which … Law dictionary
tax bracket — tax .bracket n a particular range of income levels on which the same rate of tax is paid ▪ It may put you in a higher tax bracket … Dictionary of contemporary English
income tax — a tax levied on incomes, esp. an annual government tax on personal incomes. [1790 1800] * * * Levy imposed by public authority on the incomes of persons or corporations within its jurisdiction. In nations with an advanced system of private… … Universalium
Tax Bracket — The rate at which an individual is taxed. Tax brackets are set based on income levels; individuals with lower income levels are taxed at a lower rate than individuals with higher income levels. Tax brackets serve as cutoff points for given income … Investment dictionary
Income tax in the Netherlands — In the Netherlands there is an income tax, which since 2001 ( Wet inkomstenbelasting 2001 ) is roughly as follows. The fiscal year is the calendar year. No later than March citizens have to report their income of the previous year. The system… … Wikipedia
