April 2020 - Alpha 1 Tax & Wealth

Monthly Archives: April 2020

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Why You Might Need to Adjust Your Withholding

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: [...]

2020-04-27T12:47:39+00:00April 27th, 2020|Tax Strategies|

Finding Happiness 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 [...]

2020-04-24T17:17:18+00:00April 24th, 2020|Psychology|

Federal Coronavirus Relief

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, [...]

2020-04-20T02:51:33+00:00April 20th, 2020|Economy|

Will Your Tax Burden Decrease in Retirement?

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 [...]

2020-04-05T18:24:37+00:00April 5th, 2020|Retirement, Tax Strategies|