Taxes & Tax Strategies

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Concerned About Taxes On Your Retirement Account?

You might expect your tax burden to decrease in retirement – after all, you’re no longer receiving a paycheck that incurs income tax, the payroll tax, and Medicare tax. However, your income in retirement could be significant, between investment income, rental properties, pensions, Social Security, and retirement account withdrawals. Starting at age 72, you likely [...]

2021-02-08T04:36:54+00:00February 8th, 2021|Retirement Planning, Taxes & Tax Strategies|

3 Reasons to Review Your Tax Strategy

Now that President Biden has been sworn in and the Senate is evenly split between Republicans and Democrats, it’s time to consider what tax policy changes could be coming. President Biden and Vice President Harris proposed several tax-increasing measures on the campaign trail, and it’s important to consider how they could affect you. Here are [...]

2021-02-01T18:33:51+00:00February 1st, 2021|Taxes & Tax Strategies|

How Will Social Security Benefits and Taxes Change Next Year?

The Social Security Administration recently made some important announcements that workers and retirees should note, including a Social Security benefit increase – and a tax increase. While it’s very unlikely that the program will ever disappear, we could see changes in the coming years due to the program’s financial state. The Social Security trust fund [...]

2020-12-16T19:46:04+00:00September 13th, 2020|Social Security, Taxes & Tax Strategies|
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