retirement

3 Worst States for Taxes on Retirees

High income taxes, sales taxes and taxes on Social Security and other retirement income make states such as Connecticut, Kansas and Minnesota especially tax-unfriendly for retirees.

We analyzed tax policies in all 50 states to find the least tax-friendly states for retirees. The worst places to retire can levy taxes on Social Security benefits and other retirement income, and even on estates and inheritances. Most also impose relatively high property taxes. Here are the three worst states for taxes on retirees.

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The Wrong Way to Achieve Wealth
personal finance

The Wrong Way to Achieve Wealth

For some down-to-earth, basic advice on money and life, I have a book to recommend: “Your Total Wealth: The Heart and Soul of Financial Literacy.”
April 17, 2021
Child Tax Credit 2021: Who Gets $3,600? Will I Get Monthly Payments? And Other FAQs
Coronavirus and Your Money

Child Tax Credit 2021: Who Gets $3,600? Will I Get Monthly Payments? And Other FAQs

People have lots of questions about the new $3,000 or $3,600 child tax credit and the advance payments that the IRS will send to most families in 2021…
April 14, 2021
2021 Child Tax Credit Calculator
Tax Breaks

2021 Child Tax Credit Calculator

See how much money you'll get in advance under the new child tax credit rules for 2021.
April 14, 2021

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14 Social Security Tasks You Can Do Online
retirement

14 Social Security Tasks You Can Do Online

Why visit a government office to get your Social Security business done? You can do much of that online.
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The Perfect Storm for Retirees
retirement planning

The Perfect Storm for Retirees

Today’s retirees could face a perfect storm because they are living longer and spending more time in retirement, while at the same time losing access …
April 18, 2021
Taxes on Unemployment Benefits: A State-by-State Guide
state tax

Taxes on Unemployment Benefits: A State-by-State Guide

Don't be surprised by an unexpected state tax bill on your unemployment benefits. Know where unemployment compensation is taxable and where it isn't.
April 16, 2021
Taxes Aren't Due Yet, But You Might Want to File Now Anyway
tax deadline

Taxes Aren't Due Yet, But You Might Want to File Now Anyway

Even though this year's tax deadline has been extended, there are still plenty of good reasons to file your taxes now.
April 16, 2021