A reader asks: “What is a 770 Account and How Does It Work?” Here’s our answer…
If your goal is to accumulate money for a grandchild (or a child), both options are good, but let’s look at the pros and cons of each strategy.
A common estate planning dilemma is deciding whether to leave your assets to charity, to your heirs, or both.
“Should I choose a single life annuity payout from my pension or a joint and survivor annuity payout, which will make payments to my spouse when I die?”
Estate planning allows you or anyone to implement certain tools now to ensure that your concerns and goals are fulfilled after you die.
To reduce or eliminate the taxes on your social security income, you first need to understand the term “Reportable Income”. This is the total of all your incomes that is required to be reported to the IRS on your tax form.
Here’s three tips to reduce your taxes in 2012. Now that October has arrived, I would like to challenge you to take this month and start planning for how you are going to reduce your taxes in year 2012. Your CPA can be a good source to help you with this planning by suggesting different tax benefits that you can implement.
Retirement won’t be impossible for Generations X and Y, but they will need to save considerably more than the baby boomers to make up for less employer and government help.
When it comes to choosing the best place to stash your retirement savings, the answer, at least in part, depends on your likely tax situation once you stop working.