Ask The Taxgirl: Are Social Security Benefits Taxable?
Ask The Taxgirl: Are Social Security Benefits Taxable?
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Funding Retirement Without Breaking The Bank
(This post is part of my Small Business Startup & Survival Guide. You can catch up on the whole series here.) If you go to work for almost any big company these days, you’re practically guaranteed some kind of retirement plan. While pensions may be fading as a perk (except in government), they’re being replaced by…
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Banks Quick To Turn Over 'Abandoned' Assets To Revenue-Hungry States
This story appears in the June 29, 2015 issue of Forbes. Last year, after her husband’s death, an 82-year-old Pennsylvania widow started tracking down the jointly owned certificates of deposit he had set up at half a dozen banks in his quest for higher interest rates. Two were at Stonebridge Bank, a local institution with…
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2015 Tax Rates, Standard Deductions, Personal Exemptions, Credit Amounts & More
With tax season firmly behind us (er, for those of you who didn’t file for extension), now is a good time to take a look at your current financial picture and check to see how it squares against the 2015 tax rates, adjustments and other tax items. If you aren’t expecting any significant changes, you…
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Taxes From A To Z (2015): Y Is For Years Certain Annuity
It’s my annual “Taxes from A to Z” series! Next up: Y Is For Years Certain Annuity An annuity is an insurance product that pays you each month for a specified term. The term can be based on your life span or a pre-determined number of years; if it’s based on a pre-determined number of…
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Taxes From A To Z (2015): R Is For Rollover
It’s my annual “Taxes from A to Z” series! Next up: R Is For Rollover Building your nest egg for retirement? Most of us simply make contributions and leave it alone. Occasionally, however, there might be a situation when you need or want to move funds from one plan to another. There’s just one problem:…
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Taxes From A To Z (2015): E Is For Early Distributions
It’s my annual “Taxes from A to Z” series! Next up: E is for Early Distributions Money that you put away in retirement plans tends to be tax-favored. With a traditional individual retirement arrangement (IRA), you generally receive a deduction for your contribution while money socked away in a qualified retirement plan (like a 401(k))…
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Never Planning To Retire? Watch For These Social Security And Tax Traps
Last year Alice Finch Lee passed away at the age of 103. The older sister of author Harper Lee, she was also known for her own extraordinary achievement: She was a practicing lawyer until the age of 100. While most Americans don’t plan on working until the century mark, many, particularly better-educated folks, are pushing…
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Suspected Nazi War Criminals Collected Millions In Benefits After Fleeing The U.S.
Suspected Nazi war criminals are said to have collected millions in Social Security benefits after fleeing the country. Why? According to one beneficiary’s son, it’s as simple as, “He paid into the system.”
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Taxes From A To Z (2014): Q Is For QDRO
Taxes from A to Z: Q is for QDRO
