Taxes

2 days ago1 min read

How to Roll Over an Old 401(k)

Old 401(k)s are a little like the old clothes in the back of your closet. You know you should do something about them—try them on and...

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IRS Announces 2025 Tax Brackets, Standard Deductions And Other Inflation Adjustments

RetirementGuy

2 days ago1 min read

IRS Announces 2025 Tax Brackets, Standard Deductions And Other Inflation Adjustments

The IRS has announced the annual inflation adjustments for the year 2025, including tax rate schedules, tax tables and cost-of-living...

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How Trusts Can Be Used to Protect LLCs From Creditors

RetirementGuy

Nov 14, 20241 min read

How Trusts Can Be Used to Protect LLCs From Creditors

Even though the owner of a limited liability company (LLC) is generally protected from a lawsuit originating from inside of an LLC — the...

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Your First Look At 2025 Tax Rates: Projected Brackets, Standard Deductions And More

RetirementGuy

Sep 12, 20241 min read

Your First Look At 2025 Tax Rates: Projected Brackets, Standard Deductions And More

The U.S. Bureau of Labor Statistics reported that the consumer price index (CPI) increased by 0.2% on a seasonally adjusted basis in...

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RetirementGuy

Aug 15, 20241 min read

Six of the Best Assets to Inherit

If you’re planning to leave your heirs any sort of inheritance with your estate plan, you’re already giving them a valuable financial leg...

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Changes in Retirement Savings Rules to Know Before Year’s End

RetirementGuy

Jul 31, 20241 min read

Changes in Retirement Savings Rules to Know Before Year’s End

Investors might be forgiven for not being aware of all of the provisions Congress put into the landmark retirement law it passed more...

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RetirementGuy

May 9, 20241 min read

Tax Loss Harvesting And Your Retirement

As you near retirement, tax strategies become increasingly important not only in your day to day life but also on your investments. An...

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3 Mistakes Beneficiaries Must Avoid When Inheriting An IRA

RetirementGuy

Apr 25, 20241 min read

3 Mistakes Beneficiaries Must Avoid When Inheriting An IRA

The Secure Act has eliminated the stretch IRA for most people who are inheriting an IRA or 401(k). Now, beneficiaries who inherit an IRA...

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SECURE 2.0 Act Summary: New Retirement Plan Rules to Know

RetirementGuy

Apr 25, 20241 min read

SECURE 2.0 Act Summary: New Retirement Plan Rules to Know

The SECURE 2.0 Act is a recently enacted significant piece of legislation that has brought about substantial changes to the retirement...

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2024 Tax Brackets, Standard Deductions And Other Inflation Adjustments

RetirementGuy

Apr 11, 20241 min read

2024 Tax Brackets, Standard Deductions And Other Inflation Adjustments

The IRS has announced the annual inflation adjustments for the year 2024, including tax rate schedules, tax tables and cost-of-living...

116 views0 comments

RetirementGuy

Apr 11, 20241 min read

Tax Tips for Last-Minute Filers

Tax Day is almost here for most people, so you'll want to file your federal income tax return soon to avoid IRS penalties. The last day...

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How Tax-Loss Harvesting Helps to Lower Your Tax Bill

RetirementGuy

Mar 14, 20241 min read

How Tax-Loss Harvesting Helps to Lower Your Tax Bill

Tax season is here, and many investors are looking at their capital gains and losses in 2023 to determine what they will owe in taxes....

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RetirementGuy

Mar 14, 20241 min read

Brace Yourself for Higher RMDs in 2024

Key Takeaways Money can’t stay in an IRA or 401(k) forever. Your required beginning date, or RBD, is when you have to start taking the...

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Inherited an IRA? Four Things Every Beneficiary Should Know

RetirementGuy

Feb 8, 20241 min read

Inherited an IRA? Four Things Every Beneficiary Should Know

Inherited IRA beneficiaries should be aware of several important tax considerations — especially considering recent rule changes and...

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Will My Retirement Income Count as Income for Social Security?

RetirementGuy

Feb 1, 20241 min read

Will My Retirement Income Count as Income for Social Security?

Deciding when to take Social Security benefits is one of the most important questions to answer in planning your retirement strategy....

116 views0 comments

'Tis the Season for Charitable Giving's Many Benefits

RetirementGuy

Dec 21, 20231 min read

'Tis the Season for Charitable Giving's Many Benefits

The holiday season is the perfect time for families to discuss charitable giving. With everyone gathered for holiday get-togethers, an...

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The biggest changes for retirement coming in 2024

RetirementGuy

Dec 21, 20231 min read

The biggest changes for retirement coming in 2024

Cooling inflation and a recent stock market surge have delivered a welcome comeback for many retirement savings accounts. Toss in the...

169 views0 comments

RetirementGuy

Dec 7, 20231 min read

What's the Gift Tax Exclusion for 2023?

The gift tax exclusion (a.k.a., the gift tax limit or gift tax exemption) allows you to give money or property each year to family...

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RetirementGuy

Nov 3, 20231 min read

15 States That Don't Tax Pension Income

Are pensions taxed? Most states tax at least a portion of the income from many types of retirement benefit plans. Your state might have a...

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Five Strategies to Prevent Regret After Your RSUs Vest

RetirementGuy

Oct 19, 20231 min read

Five Strategies to Prevent Regret After Your RSUs Vest

Employees of publicly traded technology companies are familiar with the roller-coaster ride stock prices have been on in recent years. In...

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