Social Security 2023 COLA Increase Kicks In
Social Security 2023 COLA Increase Kicks In Presented by Marc Aarons While you probably already found your notice in the mail, you may be curious about the COLA increase happening for Social Security recipients in the New Year. Starting in January, beneficiaries will see an 8.7% increase to help offset inflation and its effects […]
End-of-the-Year Money Moves
End-of-the-Year Money Moves Here are some things you might consider before saying goodbye to 2022. Provided by Marc Aarons What has changed for you in 2022? This year has been as complicated as learning a new dance for some. Did you start a new job or leave a job behind? That’s one step. Did you […]
Retirement Preparation Mistakes Why are they made again and again?
Provided by Marc Aarons Much is out there about the classic financial mistakes that plague start-ups, family businesses, corporations, and charities. Aside from these blunders, some classic financial missteps plague retirees. Calling them “mistakes” may be a bit harsh, as not all of them represent errors in judgment. Yet whether they result from ignorance […]
Tax Changes: What’s In, What’s Out?
While some initiatives are left behind, others are seeing renewed interest. Provided by Marc Aarons While it’s still too early to draw any final conclusions, Congress is getting closer to outlining what tax law changes are under consideration to pay for the proposed $1.75 trillion Build Back Better Plan.1 For now, it appears that changes […]
End-of-the-Year Money Moves
Here are some things you might consider before saying goodbye to 2021. Provided by Marc Aarons What has changed for you in 2021? For some, this year has been as complicated as learning a new dance. Did you start a new job or leave a job behind? That’s one step. Did you retire? There’s another […]
Annual Financial To-Do List
Things you can do for your future as the year unfolds. Provided by Marc Aarons What financial, business, or life priorities do you need to address for the coming year? Now is an excellent time to think about the investing, saving, or budgeting methods you could employ toward specific objectives, from building your retirement fund […]
Qualified Charitable Distributions
A choice for I.R.A. owners who want to reduce taxes linked to I.R.A. distributions. Provided by Marc Aarons Do you have an I.R.A.? As you enter your 70s, you may start to look at that I.R.A. not only as an asset, but also as a problem. By law, you must take required minimum distributions (R.M.D.s) […]
Tax Efficiency in Retirement
What role should taxes play in your investment decisions? Provided by Marc Aarons Will you pay higher taxes in retirement? Do you have a 401(k) or a traditional IRA? If so, you will receive income from both after age 72. However, if you have saved and invested much of your life, you may also end […]
Tax Filing Season Is a Little Later This Year
What to know and dates to remember Provided by Marc Aarons Recently, the Internal Revenue Service (I.R.S.) announced that tax season will start a little later than usual. This year the I.R.S. will begin accepting and processing 2020 tax returns on Friday, February 12, 2021.1 In light of the December 27 tax law changes which […]
The 2020 RMD Income Tax Relief Deadline Is Almost Here
Important facts and a date to remember. Provided by Marc Aarons Are you one of the many retirement account holders who took a mandatory distribution this year? If so, you may be able to manage the taxes associated with Required Minimum Distributions (RMDs) from traditional IRAs and 401(k)s. There are some essential details to keep […]