Tag Archive for: ira

What Will Filing Taxes Be Like In 2021 – How To Prepare

Each year, if necessary, the IRS releases drafts of tax forms, so professionals may comment. This advance notice gives insight on how tax-filing will look different in 2021 – when 2020 income taxes are filed – and what you can do to prepare. CLICK ON THE HEADLINE FOR MORE

Thinking of Raiding Your Retirement Plan Because of COVID-19? Here Are 3 Reasons You Shouldn’t.

Under the CARES Act, you can now withdraw up to $100,000 from your retirement plan penalty-free if you've been negatively affected by COVID-19. But here are three reasons it's unwise to go that route. CLICK ON THE HEADLINE FOR MORE

2019, 2020 Contribution Limits For 401(k)s, IRAs, And HSAs

The 2020 IRA contribution limit is the same as the 2019 IRA contribution limit, but taxpayers will be able to contribute more to their 401(k) accounts and health savings accounts (HSAs) in 2020. CLICK ON THE HEADLINE FOR MORE

4 Important Tax Items Every Retiree Should Know About

Many people think that when they get to retirement, they’ll be in a lower tax bracket. But retirement can be confusing and trickier. To reduce stress and make that hard-earned retirement more enjoyable, CLICK ON THE HEADLINE FOR FOUR FUNDAMENTAL AREAS TO KNOW

Eight Tips To Successfully Semi-Retire

Regardless of how you envision semi-retirement, here are some tips from experts for navigating the transition with ease by considering your health care plans, income sources and tax bracket. CLICK ON THE HEADLINE FOR MORE