Tax filing season may be over for many, but tax planning is an important focus year-round. Consider post-tax season strategies including optimizing deductions or adjusting retirement contributions.
Navigating market volatility can be challenging for investors. Here are several tax planning strategies to consider.
Taxpayers plan to use their tax refunds for essentials and debt repayment, as well as savings strategies. Here are some ideas and strategies to consider this year.
Social Security faces funding issues by 2035, but major changes to the program are unlikely in the near term. Here are some additional considerations.
Starting in 2025, many non-spouse beneficiaries of inherited retirement accounts must begin taking annual minimum distributions. Here are several strategies to consider.
Prepare for 2024 taxes by organizing forms, documenting charitable contributions, maximizing retirement savings and reporting rental income. Advance preparation can make the tax filing process smoother.
In 2025, the SECURE 2.0 Act boosts retirement savings with new rules for higher catch-up contributions, auto-enrollment and expanding access to savings plans. Here are some highlights.
The Social Security Fairness Act is expected to enhance benefits for many starting in 2024 and could mean higher benefits for certain public workers.
In 2025, Social Security will see a 2.5% cost-of-living adjustment. At the same time, Medicare Part B premiums and the annual deductible will increase. Here are the key changes planned for Medicare and Social Security.
Retirement plan savers looking to mitigate the risk of future higher taxes may benefit from making after-tax contributions to employer plans.
Medicare open enrollment, which is underway and runs until December 7, allows individuals to change or sign up for plans, as well as potentially save money and improve their coverage.