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 ...
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Comments Off on YOUR MONEY Some retirement savers can still get a ‘special tax credit,’ IRS says — but most don’t claim it
Taxes
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 ...
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Comments Off on Americans have poor understanding of retirement income planning
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 ...
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Comments Off on To save Social Security, they may come for your 401(k)
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, ...
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Comments Off on A New Bill Aims to Fix Social Security by Eliminating Taxes on Benefits
Tax planning doesn’t necessarily get easier as you age. There are times when taxes get more complicated as you get older. When taxes are complex, there are more ...
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Comments Off on 8 Things You Need To Know About Taxes Once You Reach Age 65
You can always use some professional tax tips when it comes to saving taxes. Some financial decisions, like filing your income tax, should be diplomatic indeed. With effective ...
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Comments Off on 2023 Tax Tips From a Retired Tax Accountant
If you’re planning on making tax-deferred retirement accounts the last pot of money you tap after retirement, you’ve got a lot of company. And why not? The idea that your ...
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Comments Off on Want to Minimize Retirement Taxes? Don’t Follow This Popular Strategy
Investing money for retirement can be daunting, especially since it’s common for future retirees to worry about whether or not they’ll have enough money to last them through their golden years. ...
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Comments Off on How to know you’re on track with your retirement savings, according to a financial expert
When people think about retirement planning, they tend to put their focus on saving and investing so they have a nice nest egg when they quit working. And ...
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Comments Off on 4 Ways Taxes Could Burst Your Retirement Bubble (and What to Do About Them)
It may be time to up your 401(k) contributions. The IRS is increasing the limit by $2,000 for 2023, the agency announced Friday. Cost of living adjustments will ...
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Comments Off on IRS: These are your 401(k) and IRA contribution limits for 2023
