Four months into living under the new tax law, it’s time for you to learn some new tricks that might just save you some money. Before 2018, making a charitable donation likely lowered your income and lowered your taxes. In a very real way, Uncle Sam was your partner in giving. He’s not quite the […]
Your Withdrawal Strategy in Retirement
Many readers have spent decades socking away money for retirement. Naturally, the accumulation phase is very familiar ground. However, it is during the second phase, better known as the distribution phase, where the process becomes a bit unfamiliar. Based on my experience, there are three primary concerns most people have as they near the transition […]
The New Tax Law is Alive and Kicking
Your tax world has officially changed. Here are some of the new things you’ll see – and old things you won’t see – on your 2018 tax return. First, if your itemized deductions don’t add up to exceed the new, doubled standard deduction, your tax life will get simpler. For single filers, the new standard […]
You Get What You Get & Don’t Get Upset
In case you haven’t been paying attention, the new tax law has dramatically lowered corporate tax rates. It could be argued that corporations were the primary beneficiaries politicians had in mind. Wisely, rather than highlighting the billions slashed from their future corporate tax bills, the headline grabbing figure most often cited by companies has been […]
Are You a Social Security Half-Millionaire?
Have you ever dreamed of being a half-millionaire? It’s got a nice ring to it, doesn’t it? Well, the fact is, if you are retired or are nearing retirement, thanks to Social Security, you can probably make this claim! Social Security is just like – actually, even better than – having a pension or owning […]