Taxes are complicated. Even if the tax code were to never change, your bracket, filing status, or withholding might. Common life events like marriage, divorce, and your children leaving the nest can mean that you need to adjust your withholding. Knowing when to adjust your withholding is an important thing to understand about taxes in retirement: [...]
There’s no doubt that our culture is obsessed with youth and often overlooks the benefits of aging. You may not have looked forward to getting older when you were younger, but now that you’re nearing retirement you may have gained a different perspective. The fact is, older Americans tend to be happier, according to a [...]
The government is working to assist Americans and businesses directly in a number of ways: President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law to help Americans in the wake of the coronavirus pandemic. The legislation provides a one-time payment of up to $1,200 to individuals, and $2,400 to couples, [...]
Despite the fact that America has an aging population, there is much evidence of ageism around us. The way we perceive older adults can limit their roles in society and a pervasive negative view of aging can have a psychological impact on us. Sometimes ageism can be seen in a seemingly benign birthday card depicting [...]
If you haven’t taken an RMD for 2020 yet, you don’t have to – RMDs for 2020 have been suspended, in an effort to help Americans whose retirement account balances have suffered recently. Times of market volatility are never pleasant, but they pose a particular threat to you as you near and enter retirement. The [...]
The tax filing deadline has been pushed back, but that doesn’t mean you don’t need to think about your tax burden in retirement. Most people don’t expect their taxes to disappear in retirement, but they may assume they’ll decrease substantially. However, this may not be the case. Between collecting Social Security, interest, dividends, and Required [...]
A MESSAGE FROM OUR CEO: Watch a personal message from Wally Darling regarding COVID-19 and the markets.
