Personal

Retirees facing income from various sources such as Social Security, pensions, retirement plans, and other investments often struggle with tax obligations. The IRS requires retirees to either withhold taxes or make quarterly payments to avoid penalties. While the quarterly estimated tax deadlines are well-known, there is a lesser-known year-end strategy that can help retirees cover
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After funneling money into pretax retirement accounts, retirees will eventually face mandatory withdrawals in retirement known as required minimum distributions, or RMDs. While RMDs can trigger higher taxes, they can also offer an opportunity to optimize your investment portfolio, according to experts. Certified financial planner Matthew Saneholtz, chief investment officer and senior wealth advisor at
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Former President Donald Trump has made it clear that he intends to preserve the individual and business tax cuts that were enacted via the Tax Cuts and Jobs Act (TCJA). His campaign team stated that he plans to continue with these tax cuts and has even promised “big tax cuts for families and small businesses.”
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As investors approach retirement, it is crucial for them to be aware of the potential threat known as “sequence of returns risk.” This risk, also referred to as “sequence risk,” is a significant issue caused by poor investment returns combined with withdrawals, especially in the early years of retirement. This unfortunate combination can lead to
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Former President Donald Trump and Vice President Kamala Harris have both expressed their desire to end taxes on tips, a move that has sparked a debate among policy experts. Harris recently voiced her support for tax-free tips at a rally in Las Vegas, echoing Trump’s similar sentiments at a previous event. Given that Nevada relies
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