Now that the 2020 is over, remorse may set in and you may be left wondering if you should have done something different to save taxes. A common question I hear is whether it make sense for retirees to take their required minimum distributions (RMDs) now or if they should save taxes by taking them… More
Roman Samborskyi – Adobe Stock Social media platforms like Instagram and Tik Tok only seem to be getting more prominent and more popular. With the pandemic, we’re turning towards these platforms more than usual. They’ve become real sources of income for people who have lost their jobs. It takes an entrepreneurial spirit, but you can… More
If you have a defined contribution plan, such as a 401(k), you will want to know approximately how much income this plan will provide you when you retire. The government wants you to know this as well, and so as part of the SECURE Act passed last December, the legislation requires employers to provide employees… More
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