Automatic Tax Breaks for Retirees

As people retire and most likely move to a more budget conscious style of life, every expense matters. Few expenses matter more than taxes in retirement. The last thing you want is for your hard earned assets to be nickel and dimed away from you when you need it most. Don’t worry though, your tax… Continue reading Automatic Tax Breaks for Retirees

How To Set A Retirement Savings Target

Retirement planning gimmicks are everywhere.  Turn on the TV, read a magazine,  or search the internet, there are an endless numbers of calculators, estimators, and "expert" advice. The truth is, as the burden of retirement savings has shifted from employers to the workers themselves, investors need quantifiable answers to some difficult questions. How much money… Continue reading How To Set A Retirement Savings Target

An Overview of the Basic Tax Schedules

A tax schedule is a form that the IRS requires with your income tax return if you have certain types of income or deductions. While the Form 1040 is the main body of your return, the schedules provide useful and necessary information for your complete  taxable picture. Let's take a look at the most common… Continue reading An Overview of the Basic Tax Schedules

Withdrawing from a 401(k) before 59 ½

When facing an unexpected cash crunch, most people look to their retirement accounts for help. It can be tempting, but if you’re under the golden age of 59 ½, there are some things you’ll need to consider. Most early distributions come at a cost - the IRS levies a 10% penalty in addition to the… Continue reading Withdrawing from a 401(k) before 59 ½