What’s the best tax deduction or tax break available? That’s a question I hear all the time and I often point people to HSAs. While
Read MoreTag: retirement
Preparing & Managing For A Sandwich Generation Household
Kelly acknowledges the statistics of life expectancy rapidly increasing, which seemingly results in more sandwich generation households. Sandwich generations are when a parent generation with
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Taxes From A To Z 2020: R Is For Required Minimum Distributions
It’s my annual Taxes from A to Z series! If you’re wondering how to figure basis for cryptocurrency or whether you can claim home office
Read MoreBanks 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
Read MoreNever 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
Read MoreDoes President Obama Want To Tax Your Retirement?
President Obama plans to tax your retirement. That was the subject of an email I received this morning. Only it wasn’t quite on target. You
Read MoreWithdrawal Deadlines Looming For Some Retirement Plan Owners
When you sock money away in your retirement plan, the appeal is that the money will grow tax-deferred and be available to you for “someday.”
Read MoreFix The Tax Code Friday: Social Security Benefits
If you follow me on Social Media at all (I’m on twitter here and Facebook here), you’ve probably heard me grumbling about the riots in
Read MoreAsk The Taxgirl: Are IRAs Taxable?
Taxpayer asks: Last year, I cashed in my IRA to pay off some doctor bills. I lost my job and couldn’t pay but I did
Read MoreAsk The Taxgirl: "Windfall Tax" On Retirement
Taxpayer asks: Is this true? Post this on taxgirl.com with an answer please. Windfall Tax on Retirement Income Adding a tax to your retirement is
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