Tax Season Security Tips
An uptick in cybercrime adds to tax time stress, but you can protect yourself and your identity.
Tag: Tax Planning
Are Roth IRAs Really as Great as They’re Cracked Up to Be?
"…….In reality, the Roth is just another tax strategy with pros and cons like all the others. If you choose to save your retirement dollars in a Roth IRA or Roth 401(k) instead of a traditional IRA or 401(k), you will be giving up some tax breaks. It could even turn out that a traditional IRA or 401(k) would have been a better option for you……."
10 Smart Steps to Minimize Taxes and Penalties on Your RMDs by Kimberly Lankford, Contributing Editor at Kiplinger
After you turn age 70½, you need to start taking required minimum distributions from your IRAs and 401(k)s every year. But the calculations and rules can be complicated, and you'll be hit with a penalty if you make a mistake.
26 Ways the New Tax Law Will Affect Your Wallet (as seen in Kiplinger)
Do the pros and cons found in the 500-plus pages of legislative language add up to good news or bad news for your family's bottom line? …. Here's a look at key provisions of the new law that could affect everything from your family to your investments to your retirement planning…..
How to Possibly Pay 0% in Taxes on Your Taxable Investment Gains
Don’t miss out: Certain people with low enough taxable income can sell stocks or mutual funds to convert their taxable gains into tax-free money. Here’s how…
The Best and Worst Ways To Spend Your Year-End Bonus
Good news for employees: Even though 2020 and 2021 have been distinctly different from years past, full of economic strife due to the global pandemic, more employers are opting to give year-end bonuses. So if you're one of the fortunate workers who's receiving one, you can rest a little easier knowing there's more money going into your bank account.
Liz Weston: 3 Tasks for New Retirees That Will Pay Off Later
After a working lifetime of alarm clocks and meetings, you might be looking forward to a lot more unstructured time once you retire. But taking care of one more to-do list early on can set you up for a better retirement.
The Most Important Questions For Your First Meeting With A Financial Advisor
……This is true for any financial situation, including those outside of losing a partner or spouse. Start by finding a fiduciary, fee-only advisor, ideally someone who is a Certified Financial Planner™, so you’ll know you’re in the hands of a professional who always puts your needs and wants first….