If you have not already done so, now is the time to plan for contributions into your retirement accounts in 2017. Retirement Contribution Limits Retirement Program 2017 2016 Change Age 50 or over catch up IRA: Traditional $5,500 $5,500 none add: $1,000 IRA: Roth $5,500 $5,500 none
Read more →Very few things in life can create a higher degree of stress and hassle than having your Social Security Number (SSN) stolen. This is because, unlike other forms of ID, the SSN is virtually permanent. While most instances of SSN theft are outside your control, there are
Read more →As the end of the year rolls around, if you have not already done so, now is the time to plan for contributions into your retirement accounts in 2016. Retirement Contribution Limits Retirement Program 2015 2014 Change Age 50 or over catch up IRA: Traditional $5,500 $5,500
Read more →Tips for every bride and groom Summer is a popular time to tie the knot. Planning for the event takes hundreds of hours and thousands of dollars. Often overlooked in the craziness of the event are important tax and financial topics. If you are planning to get
Read more →Do you have a household employee? The “nanny tax” refers to the part of the tax code that deals with household workers that are treated as employees. The nanny tax rules require you to withhold Social Security and Medicare taxes for any household employee that earns $1,900
Read more →Most of us go through life without being concerned with, or ever checking on, our Social Security records. We assume the money deducted each payday and an equal amount paid in by our employer is applied properly to this valuable retirement benefit. The Social Security Administration receives
Read more →Rebalancing your portfolio when you get older makes sense. So does anticipating for these possible tax surprises during your retirement years. You’ve got it all planned out. Your retirement savings plans are full, you have started receiving Social Security benefits, and your Pension is ready to go.
Read more →The taxability of Social Security Benefits can be confusing. In fact the taxable nature of your benefits should include a discussion of benefit reductions when you decide to receive these benefits prior to your full retirement age. Here is what you need to know. When it comes
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