taxes

Tax Implications of the CARES Act

In a podcast transcript posted at www.forbes.com, Nicole Kaeding, vice president of policy promotion and economist with the National Taxpayers Union Foundation, discusses the CARES Act’s provisions and the tax-related issues related to them with David Stewart, editor in chief of Tax Notes Today…

Recent Retirees Wish They’d Been Better Prepared for Taxes

Taxes.  Kailey Hagen’s article here notes that 34% of recent retirees say they wish they’d been better prepared for taxes than they were, according to a recent Nationwide survey.  Hagen’s piece takes a closer look at how the government taxes retirement savings…

The Downside of a 401k Account

During one’s working years, as wealth accumulation is taking place, the conventional wisdom says to take full advantage of 401k opportunities, especially to get the benefit of an employer match. Then there’s the ability to avoid taxation of current income.…

Who Pays What When it Comes to Tax on Social Security Benefits

For those already drawing Social Security retirement payments, it’s no secret who is assessed Federal Income Tax on their monthly benefits. But for those aging into Social Security, it’s a good idea to understand the mechanics of how these tax…

Dealing with Taxes in Retirement

Call it a “time bomb” or a “torpedo” or any other term that applies to something that can sabotage your retirement financial planning, but know this…paying taxes, for many (or most) of us, does not end at retirement. Columnist Peter…

How Taxes Eat Away at Your Social Security Benefits

“Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.” This enduring statement was penned by Benjamin Franklin in 1789, and rings true…

More on Social Security Strategies…Some Things You May Not be Aware of

Ryan and Tyson Thacker, principals in B.O.S.S. Retirement Solutions, offer an extensive review, in podcast format on soundcloud.com, of some of the more important–but least understood–strategic moves that can be made to correctly and appropriately file for Social Security benefits.…

Social Security: Some States Tax it, Most Don’t

Thirty-seven states and the District of Columbia do not tax Social Security benefits, and some states also do not tax private pensions. The Motley Fool editors have developed a list of both of these groups for those who are contemplating…

More on Fixing Social Security’s Solvency Problem

In a post on www.Madison.com, The Motley Fool’s Sean Williams offers another recap of Social Security’s oft-reported long-term solvency problem. Along with his synopsis, Williams hearkens back to a similar–albeit not as dire–situation in the 1980s, and illustrates how a…

Some Quick Pointers on Social Security

The CheatSheet’s Karen Bennett, posting on their :Money & Career page, provides a snapshot of some basic Social Security parameters. Her items range from taxation of benefits to the nagging solvency issue, with some important details in between. Read her post…

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