Income Taxes
8 401(k) Investing Tips to Maximize Your 401(k)
The best kind of 401(k) plan is one that is used. The employer-sponsored retirement plan is typically easy to open and fund (with pre-tax dollars often deducted straight from your paycheck), and offers tax benefits vs. saving and investing in a brokerage account. Understanding the nuances of this all-important savings vehicle may help catapult investors […]
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5 Steps to Ensure Your Money Lasts Through Retirement
12 Ways to Maximize Your Social Security Checks
What You Need to Know About Filing Taxes Jointly
As a married couple, you and your spouse have the option of filing taxes jointly or separately. The IRS does encourage you to file your income tax returns jointly by providing a host of resources and incentives to do so. There are a lot of advantages to filing taxes jointly. However, there are also some… Read More
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Roth IRA Rules and Contribution Limits for 2021
Opening a Roth IRA can be a smart move if you want to invest for retirement and save money on taxes later in life. However, there are strict rules when it comes to how much you can contribute to your Roth IRA. Contributions to a Roth IRA are made with after-tax dollars, which means your […]
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Can You Pay IRS Taxes with a Credit Card?
If youâre not getting a tax refund and you have to pay, you can pay IRS taxes with a credit card. Depending on who you talk to, paying your income taxes with a credit card is either brilliant way to earn credit card rewards or a financial move that is only a last resort. The… Read More
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Traditional vs. Roth IRA: How to Choose the Right Plan
For many Americans, employer-sponsored plans like the 401(k) are the primary vehicle for retirement savings. These programs allow individuals to automatically defer a certain percentage of each paycheck directly into an investment account, and in most cases youâll also get a tax break since those wages wonât count toward your taxable income in the year […]
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