Taxes

5 ways to optimize your retirement plans under new tax regime

This year, the biggest tax reform code since 1986 comes into play. That means you should take another look at your assets, retirement plans, and investment strategies. There’s a lot to know, and if you’re nearing or in retirement, things probably need to shift around a little bit for you. Between capped deductions, changes in charitable giving, and...Read More

What is really taxed in retirement?

Do you look forward to retiring? You may have your retirement plan and spending budget all set, or you may still be putting it all together. Have you allowed enough in your retirement planning and spending budget to take care of taxes? Taxes and Your Retirement Dreams Someday, you dream of being able to work if you want to do so. For many Americans...Read More

How Your Tax Rates Change In Retirement

Taxes have long been the bane of our existence. April comes around and everyone starts getting a little antsy. Life is suddenly measured in cash in, and cash out. Look around, what can you write off? The dog walker, can you get anything back as an expense? What about the newspaper? In retirement, various events conspire to lift you up the income la...Read More

Prevent Tax ID Theft – Here’s Your Checklist!

Key Points The IRS estimates that it paid $3.1 billion in fraudulent identity theft refunds in 2014. Identity thieves can use your information to file fraudulent returns in your name while they pocket the return. Get your personal identification number (PIN) early and keep your paperwork secure to help prevent your personal financial information fr...Read More

Annoying Eye Twitches? 4 Ways to Get It Stopped!

Eyelids feeling twitchy? The fancy scientific word for this condition is Blepharospasm, which comes from “blepharo” (the Greek word for eyelid) combined with “spasm” (an uncontrolled muscle contraction). These eyelid twitches, or tics, happen to many of us from time to time and can actually be hereditary. If you suffer from occasional eye twitches,...Read More

Don’t Miss These Tax Deductions and Credits!

Key Points Don’t miss out on available tax deductions and credits to reduce your tax bill. Before you file your income tax returns, make sure you’re utilizing the tax deductions and credits available to you. Contributions to IRAs You have until April 18, 2017 to make your 2016 IRA contribution up to $5,500 or $6,500 if you’re 50 or older. You...Read More

Tax Refund Coming? Here’s Some Pointers

The tax filing season is drawing to a close, and with it comes thousands of dollars of tax returns. Whether your getting a hefty return or just lining your pockets, here are a few tips that could help make those returns last a little longer. Jimmy Goodrum, district manager for State (NC) Employees Credit Union, said recipients need to understand th...Read More

The IRS and Identity Theft

He and my husband are great friends – going on 40 years! In addition to being a good friend, he’s also very bright, well-educated, and very (very) comfortable, financially-speaking. So we were surprised by his story. He owns two homes, a principal residence and a vacation home. When he files his federal taxes, he files them based on his...Read More

Tax Prep – Throw Caution To The Wind?

They’re baaaaack!� All those forms.� You know what I mean.� It’s January, so all the forms necessary to file our taxes are filling our mailboxes.� They serve as a grim reminder of the nasty task that lies ahead.� What I mean by “nasty task” is the prep work that needs to be done to file the taxes. So, last night I ...Read More

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