March 2021 - Solutions First Financial Group

5 Things to Know About COVID and Your Taxes

We’ve entered a full year of living with the pandemic, and there have been several events during the year that could affect you this tax season. In April 2020, the CARES Act (Coronavirus aid, Relief, and Economic Security Aid) provided relief to individual Americans and businesses and temporarily altered some parts of the tax code. [...]

2021-03-29T01:07:54+00:00March 29th, 2021|Taxes & Tax Strategies|

Are You Planning to Work Longer or in Retirement? Know These Four Rules

Retirement isn’t what it used to be. It's typically longer and more active, doesn’t start at the same age for everyone, and could involve paid work. Not everyone's retirement will look the same, and it doesn't have to. Maybe you’ll transition to part-time before fully retiring, or maybe you're looking forward to a second career [...]

2021-03-24T12:58:58+00:00March 24th, 2021|lifestyle, Retirement Planning|

How Could Life Be Different in 2050?

2050 seems like a long time away, but 2021 seemed far away in 1991. Back then, did you think a cell phone would fit into your pocket? Or that you could shout at Alexa to order you more paper towels without getting off the couch? Technology has transformed how we live over the last 30 [...]

2021-03-20T01:03:00+00:00March 20th, 2021|lifestyle|

3 Reasons Your Tax Burden Could Actually Increase In Retirement

Will your tax burden dramatically decrease in retirement once you stop receiving a paycheck? Maybe not – maybe it will increase. Between retirement account distributions, Social Security benefits, and investments, you may have reasons to review your tax strategy in retirement. We may be experiencing relatively low taxes right now, but the recent change in [...]

2021-03-09T14:14:52+00:00March 9th, 2021|Taxes & Tax Strategies|

When Retirement Is Like Football

Whether your team won or lost a few weeks ago, we can all agree that it’s no easy feat to make it to the big game at the end of the season. This game is the culmination of both teams practicing and strategizing all season long. Creating a game plan for football is a lot [...]

2021-03-05T17:36:20+00:00March 5th, 2021|Retirement Planning|
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