Taxes

Tax Optimization in RetirementGetty Earlier this year Fidelity reported that the number of 401K millionaires hit an all time high of 168,000 and the number of IRA millionaires hit 156,000. Now that the 76 million Baby Boomers are starting to retire and reach the age of Required Minimum Distributions - planning for tax efficiently drawing down their savings
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It’s that magical time of year, when the Federal Salary Council announces that federal government employees are underpaid by – wait for it! – 31% relative to both private sector workers and, less plausibly still, employees of state and local governments. The Salary Council’s official figures aren’t plausible, and you get the feeling that at
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Credit: Getty Royalty FreeGetty The 401(k) is a blessing for many people, as it allows them to build wealth over time using dollar-cost averaging. Still, sometimes it makes more sense to channel some of that money from the employer-based account into your own individual retirement account. The ever-astute Rick Kahler, the founder of Kahler Financial Group,
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Getty The Internal Revenue Service (IRS) has issued the 2019 standard mileage rates. Beginning on January 1, 2019, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 58 cents per mile for business miles driven (up from 54.5 cents in 2018) 20 cents per mile driven for medical or
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Corporations around the world are growing increasingly concerned about the immediate threats posed by a number of different global trade disruptions, ranging from the U.S. trade war with China to Brexit. While we still have a long way to go before the final outcome of these geopolitical dramas is clear, large corporations are already acting
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While your financial planning and wellness is an ongoing process, certain times of the year represent smart times to plan. As the year winds down and the calendar year closes out, consider kicking your financial planning up a notch by taking advantage of some strategic end-of-year planning strategies. If you don’t act by the end
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Of all of the Black and Cyber Days this month, Giving Tuesday is my favorite. It’s a chance to help your favorite organizations. But you don’t have to give exclusively on this day. You can donate any time until the end of the year  (to qualify for a 2018 tax write-off if you itemize). Yet
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