theonlinetaxguy

Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses switching from retirement to spousal benefits, restating suspended benefits, drawing benefits on the records of more than one spouse, the availability of survivor benefits and automatic Medicare premium payments.
0 Comments
Shutterstock The U.S. Treasury Department has published the names of people who renounced their citizenship during the third quarter of 2018. The quarterly public list is required by law. The published numbers are probably lower than the actual number of those who expatriated, with many apparently not counted. Both the IRS and FBI track Americans who renounce.  Numbers have been flat for the
0 Comments
H&R Block has released its do-it-yourself desktop software for tax season 2019. Bloomberg Prices range from $19.95 for the Basic package to $79.95 for small-business owners. The software is available at hrblock.com and retail outlets across the country. Features include the ability to import tax information by dragging and dropping; free help and in-person audit
0 Comments
By Michael J. Marini, Next Avenue Contributor  (The following is excerpted from 401 Confidential by Michael J. Marini.) When you invest for retirement with a 401(k) plan, retirement plan companies get FAT on your money. By my estimate, roughly $25 million in excessive fees are being drained form the $2 billion in workplace retirement accounts. Here
0 Comments
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses the earnings test and deductions, restricting an application to spousal benefits only, survivor benefits and remarriage, whether to file and suspend at full retirement age and the effects of
0 Comments
DataTrek Research is out with a chart suggesting stocks will struggle this month — pouring cold water on the likelihood of a “Santa Claus” rally that traditionally boosts stocks in December. According to the firm’s co-founder Nicholas Colas, it comes down to a breakdown in earnings trends and investor sentiment. He said the earnings picture
0 Comments
Retirement planning conundrum(c) CanStockPhoto.com / focalpoint A retiree of 64 has $1 million in her 401K common stock fund, and expects a long lifespan. Her conundrum is deciding how much she can draw from the fund every month without worrying about running out while she is still alive. Existing options for coping with the conundrum
0 Comments