There are a variety of tax deductions and credits available to people who save for retirement. Retirement accounts such as 401(k)s and IRAs are a popular way to save for…
Tag: retirement taxes
Retirement Planning Moves to Help Mitigate Taxes
Spoiler Alert: Taxes don’t stop when you retire! Try these strategies to minimize taxes on the money you will use for retirement. Despite paying taxes your whole working life, unfortunately…
How to Lower Your Tax Bill Close to Retirement
When nearing retirement, many Americans look forward leaving tasks like tax planning behind with the working grind. However, planning strategically now can mean more funds for the things you love…
How Capital Gains Tax Changes May Affect Your Retirement Plans
President Joe Biden recently announced his individual tax proposals. These changes include a 39.6% long-term capital gain tax rate, the elimination of the stepped-up basis on death, as well as…