From: TaxpayerAdvocate.irs.gov
An Illustration of the Modern United States Tax System
The map below illustrates, at a very high level, the stages of a taxpayer’s journey, from getting answers to tax law questions, all the way through audits, appeals, collection, and litigation. It shows the complexity of tax administration, with its connections and overlaps and repetitions between stages. As you can see from its numerous twists and turns, the road to…
From: www.fool.com
From what beneficiaries will be paid to what workers could owe in payroll tax, big changes are on the way for America’s top social program.
There’s little question that Social Security is our nation’s most valuable social resource. Of the nearly 64 million beneficiaries netting a monthly payout, over a third are being lifted out of poverty, with…
From: www.nerdwallet.com
Retirement mistakes can increase the chances of outliving your money. Getting an objective second opinion can help.
One of the biggest retirement mistakes you can make is not realizing what you don’t know.
I regularly hear from people in or near retirement who misunderstand how Social Security works, dramatically underestimate life expectancies or fail…
From: www.nerdwallet.com
The estimate you receive may be too low if you’re young and too high if you’re older.
The Social Security Administration will happily forecast your future monthly retirement check. Trouble is, it’s often off the mark. Understanding the sometimes-flawed assumptions underlying the estimate can help you make smarter decisions about when to claim your benefit.
First, of course, you should know how to…
From: www.kiplinger.com
The SECURE Act is not a done deal yet, but it makes sense to watch it closely because it could affect everything from RMDs to inheritances.
New legislation making its way through Congress has the potential to create significant changes around retirement planning and individual retirement accounts (IRAs). The Setting Every Community Up for Retirement Enhancement…
From: www.marketwatch.com
The “fattest state” in the country also sounds like a pretty great place to go out to pasture, if getting the biggest bang for your retirement buck is the priority.
According to BLS data cited by cost-estimating website HowMuch.net, Mississippi, at $617,661 in savings needed, is the most affordable state to…
The holidays can be one of the most joyous times of year, or it can be one of the most stressful. Sail through your Thanksgiving with this exclusive guide!
Print out these helpful tips, checklist, decor ideas, and recipes to make Thanksgiving prep a breeze. From American Lifestyle.
From: www.thinkadvisor.com
The proposed regs “recompute required distributions from IRAs, 401(k)s, and similar plans,” says former tax attorney Andy Friedman.
The Internal Revenue Service has released proposed regulations to update the life expectancy tables for required minimum distributions from qualified retirement plans, IRAs and annuities.
The proposed regs, which will be published in the Federal Register on Friday and be…
From: www.usatoday.com
Just as taxes are a huge burden for working Americans, they can also be a drain on seniors’ limited resources. If you’re worried about affording your golden years, it pays to set yourself up with a number of income sources that the IRS can’t tax you on later in life.
The last thing you need as a senior is…
Go to page: How to Have a Healthy Money Outlook
From: REAP, LLC. | Retirement & Estate Advisors & Professionals
Did you know that money management and financial challenges are one of the biggest sources of stress for many Americans?
Regardless of your net worth, it seems like there’s always something to worry about.
While some things can’t be controlled, other stressful triggers can be kept in line with a little bit of thought and planning.
Here are six…
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