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Category: Taxes

IRA Contribution Deadline For 2022 Approaching, Here’s What You Need To Know

Posted on March 27, 2023March 27, 2023 by Doreen

The yearly contribution deadline is normally the same as the tax deadline for the year in question. For example, the 2022 IRA contribution deadline is April 18th, 2023.

Make Retirement Tax-Free with Roth Accounts

Posted on March 26, 2023March 26, 2023 by Matt

Whether you’ve already done filing your taxes or have yet to start, the impending deadline has reminded you how much you despise doing it every year. To recover back money that was rightfully yours, to begin with, you have to endure frustrating questions, tedious math, and a great deal of effort, and that’s in the best-case scenario.

Relocating In Retirement, Here Is Why You Need To Consider Your Taxes First

Posted on February 28, 2023February 28, 2023 by Doreen

Expenses are important in retirement, and the allure of a state with no or lower income taxes might be powerful. But, according to financial consultants, retirees should look at overall taxation, which includes sales and property taxes, which are often higher in jurisdictions with no income tax. Retirees may discover that relocation is not the cost-saver they anticipated

How To Qualify For The Saver’s Match For Retirement

Posted on February 26, 2023February 26, 2023 by Doreen

The SECURE 2.0 law establishes a saver’s match to encourage retirement savings. Eventually, the match will replace the saver’s credit. There are some parallels between the two but also notable distinctions.

Strategies to Maximize Your Retirement Savings: Delay Tax Payments

Posted on February 20, 2023February 20, 2023 by Matt

Withdrawing money out of a retirement account is never ideal, but if you meet specific criteria, you may be exempt from paying the 10% tax.

Here Is Why Your Retirement Fund Can Benefit From ETFs

Posted on February 19, 2023February 19, 2023 by Doreen

Exchange-traded funds (ETFs) are investment vehicles that track an index, commodity, or a basket of assets and trade like stocks on an exchange. All these factors have made ETFs a popular investment vehicle for investors seeking a low-cost, diversified, and flexible investment option.

Have You Taken Advantage Of This Triple Tax Benefit Account?

Posted on February 11, 2023February 11, 2023 by Doreen

This account provides a “triple tax benefit,” yet 88% of the nation is not taking advantage. Rarely are investors able to have their cake and eat it, too.

When is the Right Time to Retire?

Posted on February 11, 2023February 11, 2023 by Doreen

We’ve been saving for retirement for decades. Therefore, it may be both thrilling and demanding when the moment comes. Retiring is a big decision that requires you to consider important financial factors.

What Investors Should Know Before Using A Robo-Advisor

Posted on January 31, 2023January 31, 2023 by Doreen

Robo-advisors are online investment management platforms that use algorithms and technology to provide automated financial advice to clients. They often require little to no minimum investment and offer lower fees compared to traditional human, financial advisors. Services offered can range from portfolio management to tax optimization and personalized investment recommendations based on a client’s risk tolerance and financial goals.

If You Put Money In A Retirement Account, You Might Qualify For A Huge Tax Credit

Posted on January 29, 2023January 29, 2023 by Doreen

Investing in your financial freedom might win you a tax advantage this year. When filing your federal tax return, you can claim a portion of your contributions to qualified retirement savings accounts (Saver’s Credit). Your eligibility and the amount you are eligible for vary according to your retirement plan, adjusted gross income, filing status, and other variables.

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