Do you know the benefits of municipal bonds? Here is what you should know. Tip Category: Your Income Everybody likes getting something for free, and taxes are no different. If you invest in securities such as municipal bonds (munis) or municipal bond funds, you can generate tax-free interest income. Here is what you need to …
Month: October 2023
Tax Efficient Retirement Requires Planning
Large retirement account balances can cause tax problems Tip Category: Planning Putting off distributions and holding assets in your retirement accounts as long as possible may seem like a good idea, but waiting too long can cause a major tax problem. When you reach age 73, the trigger requiring minimum distributions (RMDs) from qualified retirement …
Hike in Social Security Benefits Announced for 2024
How much you pay and checks received are all going up! Tip Category: Retirement The Social Security Administration announced a 3.2% boost to monthly Social Security and Supplemental Security Income (SSI) benefits for 2024, a big drop from last year's increase of 8.7%. The increase is based on the rise in the Consumer Price Index …
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How to Maximize Your Social Security
What every taxpayer should know You can start receiving Social Security benefits when you turn 62, but you can give yourself a raise of 8% per year if you put it off. Tip Category: Retirement You can begin receiving your Social Security retirement benefit as early as age 62. But by putting off your benefit …
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