A marriage may end but not Social Security benefits
If they meet certain requirements, a divorced individual can receive Social Security benefits similar to a married spouse.
Category: Taxes
Planning moves to take the sting out of the 3.8% surtax
A rising number of US taxpayers are subject to an investment income surtax, introduced a decade ago in federal legislation. Here are some strategies that may help mitigate the impact of the tax.
Financial planning strategies for newlyweds
Here are some financial planning considerations and steps newlyweds may want to take after the wedding.
Consider a reset of college savings with a 529 plan
Considering the broader tax benefits, 529 plans may be a more tax-efficient way to save for college than custodial accounts.
Consider tax planning beyond the filing season
With tax season over, some taxpayers may want to forget about taxes until next year but there may be advantages to focusing on taxes beyond the filing season.
Harnessing the power of step-up in cost basis
For those looking to efficiently transfer wealth, here are some considerations and strategies when planning for step-up in cost basis.
Deciding how to pass wealth to heirs
Potential changes in estate and gift tax laws are causing some individuals to review plans and choose how to pass wealth to beneficiaries.
Consider the options before taking action on company stock
For individuals considering a distribution or rollover it is important to understand the options around company stock in a retirement plan.
Taxes in retirement may surprise retirees
Individuals saving for retirement may overlook state taxes which can mean a larger tax bill in retirement than expected.
Current administration eyes tax hikes for high earners
Treasury report offers a look at potential policy items such as tax hikes that could be proposed in the future.