From the category archives:

retirement & pension

Tax Considerations in Retirement Planning, Part 2

3 December 2008

Today, we’re wrapping up a series by guest author Ed Garrison on “Tax Considerations in Retirement Investing.” Ed is the Executive Director of AAFR, the American Association of Future Retirees. If you missed Part 1 of the article, you can catch it here.
Enjoy!
–
Asset Allocation Is Key
So how do you know where to put [...]

1 comment Read the full article →

Tax Considerations in Retirement Planning

2 December 2008

Tax is a pretty broad area of the law. I don’t profess to know it all. Okay, my brothers may say that I think I do, but that’s just for their benefit (and to keep them in their place). I really don’t.
One of the subjects which I will freely admit is one [...]

5 comments Read the full article →

Ask the taxgirl: 1099-MISC

27 November 2007

Taxpayer asks: Quick question from a slightly embarrassed newbie.
Although I’ve been working as an hourly consultant for a few years, this year is the first year during which ALL of my income was received via 1099-MISC (I’m not incorporated in this state (Georgia), invoice an onsite consulting firm for my hours, and have checks [...]

6 comments Read the full article →

Obama’s Plans for Social Security

12 November 2007

It seems that nobody really knows what to do about Social Security. Or maybe it’s that lots of folks do really know, but nobody has the guts to do it…
At any rate, presidential candidate Barack Obama and other Democratic presidential candidates have previously indicated that something needs to happen to save Social Security. [...]

3 comments Read the full article →

Ask the Taxgirl: Rollovers

12 April 2007

Taxpayer asks:  I had a IRA from a former employer that was rolled over to a brokerage account in 2006.  While preparing for my tax appointment, I contacted the brokerage house to find out if I was due a 1099 as I hadn’t received one.  They said no.  So I went to my appointment, got [...]

0 comments Read the full article →

Tax Changes for 2006 (Pt 2)

7 March 2007

One of the most important tax changes for 2006 is the increase in the contribution limit for Roth and traditional IRAs rises for those taxpayers who are aged 50 or more. The increase is more than 10% from $4,500 to $5,000. But if you’re under age 50, sorry, the contribution limits remain the same.
Even [...]

0 comments Read the full article →

Your Taxes Done for Free?

4 February 2007

There are a number of programs that offer preparation and/or help, depending on your circumstances.  If you earn less than $39,000, for example, you can use one of the more than 12,000 IRS Volunteer Income Tax Assistance (VITA) sites.   To find the site nearest you, call 1.800.829.1040.
If you are over the age of 60, [...]

0 comments Read the full article →

Fix the Tax Code Friday: Social Security

12 January 2007

Few can argue that our Social Security system doesn’t need fixing.  Even fewer can agree on how to fix it.  A number of alternatives have been suggested from shelving the entire system and starting from scratch to simply changing the investment schemes available.  So, this is your chance to voice your opinion.  Today’s Fix the [...]

0 comments Read the full article →

Housecleaning

8 November 2006

Nobody wants a partisan tax blogger. It’s so… impolitic, if you will. So, I’m not going to offer any real commentary about the election on yesterday in terms of winners and losers. You can do your own Wednesday morning quarterbacking.
That said, the face of the House has changed drastically with the loss of 27 seats [...]

0 comments Read the full article →

Charity begins at (the retirement) home

2 November 2006

Making charitable gifts got a little easier this year. Well, for seniors anyway.
On August 17, 2006, President Bush signed what was dubbed the Pension Protection Act of 2006. Among other things, the Act finally allows taxpayers the option of making a charitable gift directly from retirement assets without incurring an income tax liability.
The old law [...]

0 comments Read the full article →

Next Entries →