The Ultimate Traditional vs. Roth 401(k) Strategy
The Money with Katie Show
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The Impact of FICA Taxes on Retirement Income
In your working years you were paying into social security and Medicare. When you are retired after ages 62 and 65 respectively you're being paid by these systems assuming they're still around. There's an interesting consideration with the FICA taxes here too because these pesky little buggers take an extra 7.65% from every paycheck if you are employed by someone else or self-employed. You don't pay FICA taxes on your withdrawals from either type of account none of your retirement income from your retirement accounts is subject to payroll taxes anymore.
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