Although same-sex marriages have been nationally recognized since 2015, some couples may still have a common-law marriage or civil partnership rather than a marriage. Persons living...
Posted by CORE PERFORMANCE on 03/31/2022
This is a subset of a defined benefit pension plan. The employer often funds it via contributions made to a specific account comprising the compensation and interest of the participating...
Posted by Pat Raskob on 03/17/2022
Today, relatively few Americans itemize deductions on their tax returns. You can claim either the standard deduction or the itemized deductions, but not both. And, of course, you always...
An unexpected tax bill can ruin anyone's day. To help you avoid this unpleasant surprise, here are some simple steps that many people can take to reduce their taxes. In many cases,...
Every military member, federal employee, or anyone with access to the FG's Thrift Savings Plan could be lucky. If appropriately managed, it is a terrific investment portfolio and...
Posted by Abundant Wealth Planning LLC on 01/27/2022
A 401(k) work plan helps you save a considerable amount each year in retirement, but there are annual limits for your contributions and those of your employer. Whether you choose a...
What is a TSP (Thrift Savings Plan)?A TSP is a type of pension investment program open only to federal employees and uniformed military personnel, including Ready Reserve. It is a...
Posted by James Financial Services Inc on 12/27/2021
The year end approaches, making it a terrific time to start preparing for taxes. It is never too early, as getting an early start can save you from mistakes and tax fines. While...
Posted by Pat Raskob on 12/10/2021
Tax planning generally involves income tax minimization strategies. For example, defer income, maximize deductions, and select tax-subsidized investments. Unlike regular tax reduction...
Posted by BEST FINANCIAL GROUP LTD on 11/11/2021