Social Security is a significant source of income for many retirees, but people often misunderstand even basic concepts behind this government program. Nearly 90% of American adults say ...
Read more
Comments Off on 6 Things Many Americans Get Wrong About Social Security
Taxes
IRAs are the name of the game for today’s retirees. While they come with helpful tax breaks for savers, pulling money out in retirement comes with major tax ...
Read more
Comments Off on Why Today’s Retirees Need to Pursue Tax-Minimization Strategies
Biden’s proposal would equalize the tax benefits of saving for retirement by instituting a refundable tax credit for contributions into a traditional retirement plan such as a 401(k), ...
Read more
Comments Off on How President Biden’s Tax Proposals Could Affect Your Retirement Plan
There are a lot of factors to consider when deciding whether to pay your mortgage off early. Before making any financial decisions, make sure you step back and ...
Read more
Comments Off on Should I pay off my mortgage early?
There are a lot of pieces to the retirement tax-planning puzzle, but lucky for you, that means you have a lot of options to help control your taxes. ...
Read more
Comments Off on Good Planning Can Reduce the Chances of Taxes Hurting Your Retirement Funds
The ink is barely dry on President Joe Biden’s $1.9 trillion Covid-19 relief bill, and the conversation is already shifting to some of the next items on his legislative agenda ...
Read more
Comments Off on Joe Biden’s tax plan, explained
Some fear that these tax increases will be retroactive to January 1, 2021, which is certainly possible. The last time a significant tax increase was enacted retroactively was ...
Read more
Comments Off on Be Ready for Big Changes: 2021 Tax Planning
We have just concluded a tumultuous year for asset markets. In March, equities endured volatility reminiscent of levels previously seen during the global financial crisis. What followed thereafter ...
Read more
Comments Off on Comment: Navigating equity markets in the year ahead
Some people are investing in their retirement without even realizing it. If you have a traditional job, you pay 6.2% of your salary per year in Social Security ...
Read more
Comments Off on The Social Security tax cap kicks in at this salary figure in 2021
Converting a traditional IRA to a Roth IRA can be a smart tax- and estate-planning strategy for some people, but it can be a mistake for others. Read ...
Read more
Comments Off on When Roth Conversions Are the Right Move – and When They Aren’t
