The Best Way to Prepare for Health Care Costs in Retirement
Health care can be expensive as you get older and retire. Planning a budget for health care costs and enrolling in a health savings account are just two ways you can prepare for health care costs in retirement.
Benefits of Charitable Giving in Retirement
Now that you’ve retired, you can still take advantage of many charitable giving tax benefits. Here are some of the ways to do that.
Do You Pay Income Taxes in Retirement?
Do you pay income taxes in retirement? Retirees no longer earn a steady income. However, taxes are inevitable. With proper planning, you can lower your tax burden during retirement.
Retirement Tax Planning for the Pandemic and What You Need to Know
In the wake of COVID-19, many retirees, and those inching toward retirement are facing various challenges. Priorities have shifted, (do you buy groceries yourself or have you put savings on the back burner and now spare a little extra for delivery?) and the confidence...
Are you taking too much risk in retirement?
“Some things do not make me happy to say, but there is a lottery aspect to all of this: when you were born, when you retire, and when your children go to college. And you have no control over that.” John Bogle Since the late 1800s, the stock market has gone through...
3 Tax traps to avoid in retirement
“You have a silent partner in your IRA and 401K and his name is Uncle Sam.” Kiplinger Most people have never considered this, but the reality is that your IRA and 401k are joint accounts with the IRS. The dollars you contribute to either of those accounts are dollars...
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