Social Security benefits were once tax-free. That changed in 1983, when Congress decided to tax a portion of benefits for the highest-income recipients.
Archive | Retirement
3 Ways To Reduce Taxes On Social Security
Posted on 07 September 2023.
Posted in Retirement, Your Money0 Comments
How To Plan For Retirement Together
Posted on 09 August 2023.
Retirement is an exciting time for couples, with the promise of more freedom and more time to spend together. It’s also a major lifestyle change that should be planned for both emotionally and financially.
Posted in Active Living, Healthy Lifestyle, Retirement, Your Money0 Comments
Saving For Retirement Just Got More Complicated
Posted on 17 July 2023.
The Secure Act 2.0 legislation that passed late last year added new retirement savings options but also has a few potential catches for unsuspecting savers.
Posted in Finance & Work, Retirement0 Comments
Can a Nursing Home Take Our IRA?
Posted on 22 June 2023.
My wife and I are elderly. I have an individual retirement account (IRA) worth about $100,000, and we have a trust set up through our children to protect our assets.
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Retirement Crisis: Older Americans Struggle to Afford Life After Work
Posted on 08 June 2023.
Rethink that retirement party. More and more, seasoned workers are defying expectations and staying put in the workforce for a compelling reason-they simply can’t afford to retire.
Posted in Retirement, Your Money1 Comment
New Social Security Plan Could Raise Full Retirement Age
Posted on 23 May 2023.
A group of Senators is working on a plan to shore up Social Security by potentially raising the full retirement age, along with other changes to how Social Security benefits are financed.
Posted in Retirement, Your Money0 Comments