Are You On Track to Max Out Your 401K Contributions?
Your 401K is a retirement account that allows you to invest money with pre-tax dollars. In some cases, your employer may even match your contributions, essentially giving you free...
Saving For Retirement: What Are Nonqualified Plans?
Nonqualified plans can be structured in many different ways and funded at different levels.
How Much Will I Need to Retire?
The first step in answering the question, “how much will I need to retire” is to find out what it would cost to live that dream today.
When Should I File Taxes Separately If I’m Married?
If you file taxes separately, your respective incomes and expenses are figured apart from each other.
Doing Your Taxes – Have You Found Your Above-the-Line Deductions?
There are 13 separate above-the-line deductions that can be reported on Part II of the 1040 for 2011.
Have You Found All Your 2011 Tax Credits or Tax Deductions?
Tax credits differ fundamentally from deductions in that they are not subtracted from the taxpayer’s taxable income.
Catching Up on Saving for Retirement After Age 50
For more information on saving for retirement after age 50, consult either IRS publication 590 for IRAs or your financial adviser.
When Should I Take Social Security?
Since its inception during the Great Depression, Social Security has grown to become a primary source of income for retirees in America.
Will I Pay Taxes During Retirement?
Paying taxes during retirement, on your earnings and other sources of income, can drastically reduce your nest egg if you aren’t careful.
Deciding Between a Traditional IRA and a Roth IRA
Contributions to a Roth IRA are never deductible under any circumstances.
Beware of Tax Settlement Firms
Tax settlement firms are usually staffed by tax attorneys and Enrolled Agents who appear before the IRS on behalf of their tax clients.
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Most Recent
Medicare to Start Covering Patients with Some Disabilities and Chronic Conditions
In order to provide for those in their golden years, Medicare is around so people do not have quite as many bills and can enjoy their retirement.
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What’s the Big Deal About the Bush Tax Cuts?
the Joint Committee on Taxation said that the first Bush tax cuts cost $1.35 trillion over a ten-year period. The second tax cut was believed to reduce taxes by $350 billion over...
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Fiscal Cliff Looming As Year Draws to a Close
With only about 10 hours left before 2013 begins, both houses of Congress tries to negotiate to avoid the fiscal cliff looming larger over the weak economic recovery.
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New Year’s Tax Increases If Bush Tax Cuts Expire
Many things will occur simultaneously, and when added together, the expiration of the Bush tax cuts will produce rather large changes in the finances of many people across America.
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What Happens If We Go Off the Fiscal Cliff?
Here is a breakdown of what we can expect if the president and congress cannot reach an agreement and we go off the fiscal cliff.
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The Latest Fiscal Cliff Positions
the fiscal cliff doesn’t refer to a single event, rather a combination of events that could possibly derail the U.S. economy
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