People with a traditional 401(K) need to pay taxes on their distribution – the ordinary income tax. What you pay is a factor of your tax bracket and age as people below 59½...
Posted by The TaxAdvocate Group, LLC on 10/01/2020
There are many expenses you will likely be faced with on retirement. One of the biggest is housing. Carrying mortgage debt to your retirement might be uncomfortable as you are on a...
Posted by Abundant Wealth Planning LLC on 08/30/2020
Many people struggle to find the funds they need to build up their retirement savings. Fortunately, a non-refundable tax credit, called a retirement savings contribution credit, can...
Posted by Taxes Made EZ Inc on 11/25/2020
Choosing a retirement plan is one of the most important decisions that you will make in your life. You are planning out for your financial future. Unless you want to keep working until...
Posted by Amro Badran on 03/22/2016
No one plans to work forever. No matter how much you love your job, you will be forced to retire one day. Many people look forward to this, although only a few make adequate preparation...
Posted by ABLE Tax Resolution on 09/21/2020
Picking a retirement plan is one of the most important decisions that you can make in your life. It is an assurance that you will be comfortable when you reach retirement and will...
Posted by Margaret Tabb on 08/27/2016
Saving for your retirement is one of the best things that you can do for your future. Everyone dreams of a retirement that is on the beach, or one with lots of travel, or even one...
Saving up for your retirement is one of the most important investments that you could make for your future. Everyone wants to be able to retire at a reasonable age and stop working...
Posted by Brian Walsh EA on 03/27/2016
When it comes to saving for retirement, there are multiple options available. Since the encouragement is to save as much as possible, as early as possible, here are a few of the saving...
Posted by Patrick O'Hara, EA on 03/23/2016
