It has become more difficult to determine the most efficient way to navigate the tax impact of inheriting individual retirement accounts since the Internal Revenue Service proposed new rules in…
Sharing wealth is a great way to motivate employees. Profit sharing is a popular addition to 401(k) plans, along with bonuses, raises, and other perks. Profit-sharing plans are employer-sponsored retirement…
Passive income is derived from non-active or non-direct activities. The idea of passive income is to make money work for you. You can build passive income in a variety of…
Retiring can be daunting; it often leads to changes in lifestyle due to a sudden drop in income. Adapting to retirement isn't always easy, especially if you haven't saved as…
State governments are responding to rampant inflation and the threat of recession with tax rebates and stimulus checks: In October, California will issue a "middle-class tax refund" worth up to…
Increasing prices and more job openings have encouraged retirees to return to work. Known as "unretirement," the trend has rebounded to levels that were common before the pandemic. 68% of…
Based on Social Security Administration data, the average monthly retirement benefit is $1,669, which equals about $20,000 annually. Since this is an average, many people get less, sometimes a lot…
Image by Shutterstock.com These days, seniors and retirees face a double whammy: inflation is fast approaching 10%, and stock and bond markets have declined by 10% to 20%. Meanwhile, home…
House of Representatives passes SECURE 2.0, also known as the Securing a Strong Retirement Act. Several changes have been made regarding tax-advantaged retirement accounts with this bill, but graduates with…
For those who want control over their retirement account, a self-directed IRA may be your choice. Individual retirement accounts (IRAs) are tax-advantaged retirement savings accounts, and their contents grow tax-free.…