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Ask an Advisor: I Have $800k in a 401(k) and $5,270 in Monthly Income From Social Security and My Pension How Much Will I Pay in Taxes in Retirement?

My monthly Social Security is $3,178, my pension will be $2,090 per month and my 401(k) has $800,000. If I use the 4% rule, where do I stand tax-wise? – Reggie This is a great question. I hope it goes without saying, but without having all of your information and completing a full tax return […] The post Ask an Advisor: I Have $800k in a 401(k) and $5,270 in Monthly Income From Social Security and My Pension. How Much Will I Pay in Taxes in Retirement? appeared first on SmartReads by SmartAsset.

How are bond investments reported in ITR?

An individual sold a flat and invested the taxable portion after indexation in REC bonds. LTCG must be reported in Schedule CG and any deduction claimed under Section 54EC in Part-D, serial no. 1 of Form ITR 2. TDS must also be reported in the tax payment schedule.

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