From: www.wsj.com
The choices can be confusing, and the fine print is important. But it’s crucial to choose wisely, because it may be hard to change your mind.
When most Americans turn 65, they have three basic options for health coverage: traditional Medicare; Medicare plus supplemental insurance to cover costs that Medicare doesn’t; or Medicare Advantage, a range of managed-care plans.
Making the decision…
From: Simplicity Group
Many Americans will owe taxes on their retirement income withdrawals. This can equate to 15, 20, or even 30 years of future tax liabilities while one is no longer earning an income. The retirement risk in this scenario is tax increases. If taxes go up, there is a likelihood that so will your tax bill. This means less money for the things you need and want in retirement.
In…
Financial advice has the best chance of success when it’s built on a relationship. Because no two investors are alike, we’ll work together to construct a financial plan that reflects your goals as they change over time.
From: www.kiplinger.com
Claiming Social Security benefits at the right time means more money in your pocket. Here’s a guide to everything from knowing your full retirement age to taking Social Security spousal benefits.
For many Americans, Social Security benefits are the bedrock of retirement income so maximizing this stream of income is critical.
The rules for claiming…
From: www.kiplinger.com
In a rush to file for Social Security benefits at age 62? Many people are, but slow down and do the math first – or you might regret it.
When it comes to claiming Social Security retirement benefits, you may want to consider waiting to start benefits when you’re 70.
That means not starting benefits when you’re 62…
From: www.fa-mag.com
Change is in the air. And since the tax law is involved, you can be certain that “change” doesn’t mean the final version.
At the moment, no one knows for certain what will happen to taxes in the United States, but people do know rates are far more likely to increase than decrease. In the immortal words of Jimmy the Greek Snyder, a once-famous…
From: www.kiplinger.com
You’ve saved diligently in your 401(k), and you wouldn’t mind tapping into it – but you’re not age 59½ yet, so you could have to pay the IRS a 10% penalty on your withdrawal. There are exceptions to that rule, though. Here are 10 of them.
Retirement is something each of us must plan for. Not surprisingly, you want to…
From: www.legacyplanninglawgroup.com
Summary of the Biden Administration’s PROPOSED Federal Tax Changes. On Monday, September 13, a tax bill was sent to the House Ways and Means Committee. Notably, there was no proposal to kill basis step up or to repeal the SALT deduction limitation. Here is a summary of the Biden Administration’s proposed federal tax changes:
From: www.aaepa.com
Everyone who lived through September 11, 2001, shares a common experience. Although colored by our individual circumstances, we remember looking at the horrific images of destruction and misery and wondering why this tragedy occurred. Since that fateful day, Americans have flocked to churches, synagogues, mosques, and other places of worship seeking answers to questions regarding the meaning of life and the…
A webinar by REAP’s David H. Morgan, MSFS, CFF, RMA, CEP®. Learn more about David here.
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