How much money will you need to set aside to cover your out-of-pocket health care costs in retirement? Probably more than you think. According to a recent report by Fidelity Investments, 65-year-olds retiring in 2024 will pay, on average, about $165,000 for these expenses throughout their golden years. This figure is up 5% from 2023 and has more than doubled over the previous two decades. And you can expect costs to keep rising.
With the 2025 tax year almost here, there's news from the IRS about retirement savings. According...
The Tax Cuts and Jobs Act (TCJA) dramatically increased the unified federal gift and estate tax...
During uncertain times, you may be concerned about the effects world events will have on your...
The IRS has just released final regulations on required minimum distributions (RMDs) from qualified...
You're planning and saving money for a financially secure retirement. Good for you! But don't...
Summer is a good time to reflect on tax planning moves that could lower this year's tax bill. It...
Have you given any thought to your retirement? Even if you don't expect to retire anytime soon, the...
Under the Corporate Transparency Act (CTA), many businesses had to begin complying with new...
Employees, self-employed individuals and employers all pay the Social Security tax, and the bite...