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Taxes
A Tax Break Worth the Hassles
The 2017 tax overhaul changed the landscape for charitable deductions, leaving millions without key tax benefits for their donations. However, a growing group of seniors can still enjoy significant advantages…
Read MoreFive Common Retirement Mistakes and How to Avoid Them
Are Your Financial Perceptions Skewed? Help Avoid Common Pitfalls. Relying solely on tax-deferred accounts or anticipating unattainable market gains? Guard against these and other misconceptions to help safeguard your long-term…
Read MoreHigh-Earning Retirement Savers Are Losing Some of Their 401(k) Tax Break
As millions brace for the impending change, savers aged 50 and above are facing the discontinuation of a familiar tax advantage – catch-up contributions to 401(k)s. The alteration, stemming from…
Read MoreFive Books to Make You Smarter About Money
Discover the eye-opening results of the recent Personal Finance Index survey, where U.S. adults scored an average of 48% and Gen Z only 38%. Click here to bridge the knowledge…
Read MoreUnderstanding the Tax Torpedo and Its Implications for Various Retirees
Did you know that 62% of aged beneficiaries relied on Social Security for at least half of their income in 2015, as reported by the U.S. Social Security Administration? Whether…
Read MoreHow to Leave Grandkids Your Retirement Savings—and Not a Huge Tax Bill
Recent regulations have made it harder for older Americans to leave retirement savings to their grandchildren without subjecting them to significant tax bills. With non-spousal heirs now required to draw…
Read More5 IRS Changes in 2023 That Affect Your Retirement Accounts
Navigate the complexities of the U.S. tax code and stay informed about the significant changes in 2023 that could influence your retirement savings journey, as this article highlights key updates…
Read MoreHow to Cut Your Social Security Taxes
Explore the surprising truth about Social Security benefits and taxes, as this informative article reveals how additional sources of income can lead to potential tax obligations on a significant portion…
Read MoreThe Retirement Tax Break That Will Pay You an Annual Income
Explore the new opportunity for retirees aged 70½ or older to support charities by donating up to $50,000 from their IRAs towards gift annuities, allowing them to receive fixed-rate monthly…
Read MoreYou may face a ‘stealth tax’ on Social Security benefits, expert warns. These steps can help
Sometimes, Social Security benefits can be taxed. That’s what happened to Susan Desmond’s parents, who were shocked when they realized half the money they sent in for Social Security taxes…
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