While you are out having fun, you may not realize that your pension check has less money going toward Federal taxes. The IRS just published the Tax Reform Tax Tip 2018-143 stating that retirees with pension income should do a paycheck check up ASAP. Click here to read the article. It will give you a [...]
Especially those that retire early, in their early to mid 60's, may be surprised that they will spend equal or even more than they did while working. Read full article: https://www.reuters.com/article/us-money-retirement-lowballed/the-lowballed-retirement-why-americans-underestimate-what-they-need-idUSKBN1KE2B1
Learn more about Social Security...you might be surprised! Read these articles published by Social Security: when to start_1700 ret checklist_Additional things you should think about 5 things_About Social Security
IRS Tax Tip 2018-91, June 13, 2018 While the federal income tax-filing deadline has come and gone for most people, some taxpayers might still need tax help. The IRS has several resources available year-round: IRS.gov. Taxpayers can find all sorts of helpful information on IRS.gov. They can click on “Help” at the top of the home [...]
IRS Tax Tip 2018-90, June 12, 2018 The IRS recommends that taxpayers keep a copy of tax returns for at least three years. Doing so can help taxpayers prepare future tax returns or even assist with amending a prior year’s return. If a taxpayer is unable to locate copies of previous year tax returns, they should [...]
Test Your Retirement Planning Knowledge and Become a Master of Retirement Game On! If you love quiz games, don't miss the Master of Retirement online game that has people thinking about retirement in a whole new way. Retirement is a time in your life to look forward to – a post-work life filled with days [...]
Asking yourself, “When can I retire?” is often the first step in planning your future. Now go a step further and ask yourself what it means to have a happy retirement. Figuring out what you want to get out of your next phase in life can help determine timing, planning and goals. Tip #1: Find a [...]
Tax Law Changes, the good, the bad and the ugly… Let’s talk good news first: The tax rates are lower and most people should benefit from this For those that don’t itemize, you may benefit from the new standard deduction – please note that the personal exemption is no longer a deduction. Example – you [...]
December, 2017 SMART TIP: Short on time and need to prepare frozen-solid meat quickly? Thaw it in the microwave using the automatic “defrost” setting, but plan to cook it immediately afterward to decrease the risk of foodborne pathogen growth. Even less time? Meat can be cooked from frozen, but plan to heat it at least [...]
SMART TIP: Grilling burgers? To make your patty juicier, try dunking it in very cold water for about 20-30 seconds before placing it on the grill. WHO SAID IT? “Avoiding danger is no safer in the long run than outright exposure. The fearful are caught as often as the bold.” (The answer below) TEST YOUR KNOWLEDGE: [...]
