Taxes

Taxes

Contributors Featured Money Retirement Taxes

401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000

WASHINGTON — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024. The ...
Read more Comments Off on 401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000
Contributors Featured Retirement Taxes US

Home Retirement Retirement-planning Sleep Better in 2025: Slay These Four Retirement Fears

Monsters under the bed aren’t the only thing keeping older adults awake at night. So are fears about retirement, and for good reason. Retirement isn’t cheap; it can ...
Read more Comments Off on Home Retirement Retirement-planning Sleep Better in 2025: Slay These Four Retirement Fears
Featured Money Retirement Taxes US

Here’s what a new Trump administration could mean for your money, financial advisors say

Now that Donald Trump has been elected president, many individual investors are wondering what that means for their money. The markets rallied last week on news of Trump’s win, with the Dow Jones ...
Read more Comments Off on Here’s what a new Trump administration could mean for your money, financial advisors say
Contributors Featured Retirement Taxes US

How Will the 2024 Election Impact Your Retirement?

In times of great change, it is only natural for people to wonder and worry. Without perspective, it morphs into wondering and worrisome-driven decisions or indecision. A general ...
Read more Comments Off on How Will the 2024 Election Impact Your Retirement?
Annuities Contributors Featured Income Retirement Taxes

The Stunning Problem With The 4% Retirement Income Rule In One Chart

Are you in the “retirement bubble”? The retirement bubble is the few years leading up to retirement and the first few years in retirement when your retirement nest ...
Read more Comments Off on The Stunning Problem With The 4% Retirement Income Rule In One Chart
Contributors Featured Insurance Money Retirement Taxes

Nine Lessons to Be Learned From the Hilton Family Trust Contest

This article discusses the contest of Barron Hilton’s family trust, which centers on changes made by Barron Hilton after the death of his wife, Marilyn. Barron gave 97% ...
Read more Comments Off on Nine Lessons to Be Learned From the Hilton Family Trust Contest
Featured Retirement Taxes

YOUR MONEY Some retirement savers can still get a ‘special tax credit,’ IRS says — but most don’t claim it

Some retirement savers can still snag an extra tax incentive for 2023. However, most eligible filers don’t claim it, according to the IRS. The retirement savings contribution credit, or “saver’s ...
Read more Comments Off on YOUR MONEY Some retirement savers can still get a ‘special tax credit,’ IRS says — but most don’t claim it
Featured Income Retirement Taxes

Americans have poor understanding of retirement income planning

Most respondents to a new study by the American College of Financial Services had a poor understanding of how to plan for the finances they will need in retirement. Results ...
Read more Comments Off on Americans have poor understanding of retirement income planning
Contributors Featured Retirement Social Security Taxes

To save Social Security, they may come for your 401(k)

It looks like we had better ramp up our 401(k) and IRA contributions to the absolute max while we still can, folks. That means a full $30,000 this ...
Read more Comments Off on To save Social Security, they may come for your 401(k)
Contributors Featured Income Retirement Social Security Taxes

A New Bill Aims to Fix Social Security by Eliminating Taxes on Benefits

Asmall group of lawmakers wants to eliminate taxes on Social Security benefits as part of a proposal they claim could help fund the flagging program. Rep. Angie Craig, ...
Read more Comments Off on A New Bill Aims to Fix Social Security by Eliminating Taxes on Benefits