What is an "After-Tax 401(k) Contribution" and Should I Be Doing It?
Did you know you can contribute up to $58,000 to your 401(k) plan? The key is "after-tax contributions". What are they? How do they work? Should you consider making them?
When Are Annuities a Good Idea?
Planning for retirement is too important to leave to chance. Life expectancy is increasing with every decade, which is great news. However, it also means that preparing for retirement needs a fresh perspective. Many retirees, even those who have consistently saved toward retirement over their lifetime, may realize they don’t have enough money saved to retire comfortably. If 401(k)s, pensions, and social security benefits aren’t quite providing the standard of living that many expect when they transition into retirement, there is a tool worth considering. Annuities.
Biden's Flat 401(k) Credit Proposal: What Does it Mean for You?
President-Elect Joe Biden has proposed a 401(k) flat tax credit that may make you rethink how you save for retirement. While nothing has been officially passed yet, many people are wondering how his overhaul of 401(k) tax breaks will impact them personally if and when it becomes a reality. Here's what you need to know.
The Biden Tax Plan and Its Impact On Estate Taxes
A Presidential change brings uncertainty in the world of estate planning. Here's what we know about President Elect Biden's proposed tax plan and how it could affect estate taxes!
Cost of Living Adjustments & Tax Changes From The Social Security Administration for 2021 Are In. Here's What's Important.
The IRS released it's COLA and tax changes for 2021. Here's what you need to know and how it might affect you.
Should I Create An Online Will Or Hire An Attorney?
Should you take a do-it-yourself approach to making your will - or is it better to leave it to the professionals? Obviously budget is always a concern, but here are a few advantages and disadvantages to the online process. Keep in mind, there are also some hybrid solutions out there that involve online development with attorney review. Send me a note or schedule a call if you'd like to learn more about this type of approach!