How Taxes Work on Social Security
Weekly Update – 3/22/23 You may not know it, but Social Security income is taxed! However, your tax burden isn’t simply a gross income tax, and there are unique factors that dictate your tax rate and overall tax liability. First, not all Social Security income is...
Striking a Balance Between Tax and Income
Weekly Update – 3/15/23 In retirement, it’s not about receiving as much income as possible. During your working years, it might be, but when you’re the one paying yourself, it’s important not to turn your hard-earned savings into a large pile of income that’s taxed at...
Planning Your Investments? Think About Tax
Weekly Update – 3/8/23 Thinking about investment strategy may conjure thoughts of stock trading, ticker symbols, brokerage accounts, and investment thesis. But one of the most important factors in developing an investment strategy is the tax aspect. There are several...
Don’t Wait Until the Tax Filing Deadline: April 18, 2023
Weekly Update – 3/1/23 Don’t wait until April to prepare your taxes! Tax filing preparation is an important process for individuals and businesses. It is the process of gathering, organizing, and submitting tax documents to the relevant tax authorities. The importance...
Retirement Savings Tips for 55 to 64 Year Olds
If you're 55 to 65, here's a few great retirement savings tips. Plus, important information about college financial aid forms for your children or grandchildren. https://www.investopedia.com/retirement/top-retirement-savings-tips-55-to-64-year-olds/
15 Key Provision Changes That Affect Retirement Accounts
President Biden signed the 2023 Omnibus Appropriations package on December 23, 2022. Included in this funding bill for federal government operations was the SECURE 2.0 Act. The new version of the 2019 SECURE Act has key implications for retirement plans and outcomes....