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5 Year-End Moves to Help Retirees Trim Their Tax Bill
taxes The end of the year is a great time to start thinking about next year's tax bill. Here are some strategies on how to reduce what you will owe Uncle Sam.
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3 Smart Places to Save Now
Tax Breaks Boomers planning on retiring in the next several years should consider these three tax-smart moves now. They can help you cut the taxes you’ll pay on your income – especially on your Social Security benefits – down the road.
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Worried About Higher Taxes in Retirement? Strategize Now.
Tax Breaks With the Tax Cuts and Jobs Act expiring after 2025, it’s a good time to be proactive about taxes. Here are some smart ideas to consider to put a lid on your tax bills in retirement.
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IRA Tax Planning: Minimizing the RMD Ticking Time Bomb
required minimum distributions (RMDs) Couples with a bit of an age difference have an interesting strategy available to them to reduce taxes on their retirement savings due to required minimum distributions.
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How the Social Security Earnings Test May Affect Your Retirement
social security If you start taking Social Security benefits before your full retirement age and decide to continue working, you need to understand how the earnings test works.
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Why Today’s Retirees Need to Pursue Tax-Minimization Strategies
tax planning IRAs are the name of the game for today’s retirees. While they come with helpful tax breaks for savers, pulling money out in retirement comes with major tax consequences — which could get much more serious if taxes rise in the future. But there are things you can do about that.
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Waiting for Fixed Annuity Rates to Rise Doesn’t Pay
annuities If you like the guaranteed rates and tax deferral that fixed annuities offer, but you want to wait because you’re hoping rates will improve, think again. Here’s why keeping too much in cash while you wait puts you behind … and you may never catch up.
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4 Ways to Keep Your Taxes Down If You Are Self-Employed
tax exemptions Whether you drive for a ride-hailing service on the side or work full-time as your own boss, these tips can help you save money when time comes to pay taxes.
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Turned off by Low CD Rates? Consider a Fixed Annuity
annuities CD rates are under 1%, but comparable annuities can pay more than 2% to 3% guaranteed and tax-deferred.
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