A defined benefit plan, more commonly known as a pension plan, provides guaranteed retirement benefits to employees. Defined benefit plans are primarily funded by the employer, with...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 01/26/2023
There are many retirement accounts, but two are familiar – the Roth IRA and the 401(k). The two have a big difference: you can get a 401(k) account from your workplace while...
Posted by Taxes Made EZ Inc on 12/27/2022
The first-time home buyer's tax credit was introduced during the 2008 financial crisis to help Americans buy more affordable homes. Although there are many other mortgage and loan...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 12/18/2022
Paying tax is not a feeling any taxpayer likes. Having your income after working for a month or having a personal savings slash is no joke. The anger has pushed most taxpayers into...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 12/08/2022
The retirement account is no place to hide money from taxes because eventually, the IRS will come for their even share. RMDs stands for a required minimum distribution (RMD), which...
Posted by Pat Raskob, Emeritus on 11/28/2022
Suppose you're in active service and receive pre-retirement payments; you can decide to rollover the amount into another retirement account. Or suppose you switch between jobs;...
Posted by Dennis Jao on 11/17/2022
College funding is increasing every year, and other methods to subsidize the fees have made no significant difference. The rise in fees is more than the rate of inflation, which stands...
Posted by Tiffany Gaskin on 11/10/2022
You may be rewarded with dividends when you invest in a company by buying individual stocks, mutual funds, or exchange-traded funds (ETFs). A dividend is a per-share portion of a company's...
Posted by Dennis Jao on 10/26/2022
Saving for retirement takes effort and sacrifice, especially since most people will need to invest hundreds of thousands or even millions of dollars to provide enough income to supplement...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 09/30/2022
