Retiring Soon? Four Tax Issues You May Face.
If you are getting ready to retire, you will soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here is a brief summary of
If you are getting ready to retire, you will soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here is a brief summary of
If you are a business owner and you hire your children this summer, you can obtain tax breaks and other nontax benefits. Your kids can gain on-the-job experience, spend time
Contributing to a tax-advantaged retirement plan can help you reduce taxes and save for retirement. If your employer offers a 401(k) or Roth 401(k) plan, contributing to it is a
Although planning is needed to help build the biggest possible nest egg in your traditional individual retirement account (IRA) (including a Simplified Employee Pension IRA and Savings Incentive Match Plan
Virtually everyone needs an estate plan, but it is not a one-size-fits-all proposition. Even though each person’s situation is unique, general guidelines can be drawn depending on your current stage
As part of a year-end budget bill, Congress just passed a package of tax provisions that will provide savings for some taxpayers. The White House has announced that President Trump
When retiring employees walk out the door for the last time, they often leave with more than fond memories. Many depart with vast amounts of ‘intellectual capital’ — knowledge related
Traditional and Roth IRAs can be powerful estate planning tools. With a ‘self-directed’ IRA, you may be able to increase the benefits of these tools by enabling them to hold
When you retire, you may consider moving to another state — say, for the weather or to be closer to your loved ones. Do not forget to factor state and
Do you want to save more for retirement on a tax-favored basis? If so, and if you qualify, you can make a deductible traditional individual retirement account (IRA) contribution for