Can States Save Seniors? Fighting the Rising Costs of Property Taxes
Real Estate, Retirement, Tax TipsProperty taxes are a significant financial burden for many Americans, particularly senior citizens. Rising property taxes have begun to jeopardize the financial stability of older adults living on fixed incomes. In response, some states are…
A Retiree's Guide to Reducing Taxes on Social Security Benefits
Retirement Article Highlights:
Funding
Taxation Thresholds and Conditions
Railroad Retirement
Married Taxpayers Filing Separate
Survivor Benefits
Strategies to Minimize Taxation
Income Planning
Tax-Deferred Savings
Tax-Efficient…
Healthcare Considerations for Boomers in Retirement
Healthcare, RetirementBaby Boomers – the largest generation in America by the numbers – are approaching their golden years. This means that many are beginning to look ahead to a healthy and secure retirement as they put their years in the workforce behind them.…
Embracing Your Next Chapter: A Guide for Retirees Returning to Work
RetirementAs you approach retirement age, the thought of returning to work might be on your mind. Whether you're considering part-time roles or fully immersing yourself back into the workforce, this article is designed to provide insights into the financial…
Are You Ignoring Retirement Planning?
Retirement Article Highlights:
Predicting Social Security Income
Planning for the Future
Employer Retirement Plans
Tax Incentive Retirement Savings Plans
Are you ignoring your future retirement needs? That tends to happen when you are…
Looking for Quick Cash? Try to Avoid Retirement Savings
Retirement, SavingsArticle Highlights:
Early-Withdrawal Penalties
Reduction in Retirement Savings
Exceptions from the Early-Withdrawal Penalty
If you find yourself looking for a quick source of cash, your retirement savings may look like a tempting…
Are You Worried You Won't Have Enough Money Saved for Retirement?
RetirementAll of us dream of one day being able to retire - to finally be able to relax and enjoy the lifestyle we worked so hard for. However, you'll need a significant amount of money to do it, which is where a lot of Americans begin to worry.
Saving…
If You Want to Maximize Your Social Security Income, You Need to Start Planning Now
Financial Planning, RetirementAccording to one recent study, about 27% of people in the United States between the ages of 55 and 67 years old have less than $10,000 saved for retirement. If you needed just one statistic to outline how important it is to plan ahead when you're…
What Is a Required Minimum Distribution?
RetirementArticle Highlights:
Required Minimum Distributions
When the Distributions Must Begin
RMD Distribution Tables
Figuring the Amount of the Distribution
Beneficiary Distribution Rules
Surviving Spouse
Eligible Designated Beneficiaries
…
Will Your Planned Retirement Income Be Enough after Taxes?
RetirementArticle Highlights:
States With No Income Tax
Social Security Benefits
Roth IRA Retirement Account
Traditional IRA Retirement Account
Spousal IRA
Back-Door Roth IRA
Saver’s Credit
Employer Pensions
Employee Funded…