Gregory Hart, Haddonfield, New Jersey-based CFPHaddon Wealth Management, LLC
Dividend income, in general, is taxed. This assumes money is not distributed in a retirement account, such as an IRA, 401(k), or similar plan, in which case it is not taxable. Here are two frequent instances of taxable dividend income:
If you hold a stock, such as ExxonMobil, and get a quarterly dividend (whether in cash or reinvested), it is taxable dividend income.
For example, suppose you hold shares in a mutual fund that pays out dividends every month. These dividends would be taxable dividend income as well.
Both of these cases, once again, relate to dividends earned in non-retirement accounts.
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