Early Preparation Can Increase Your Tax Refund

Do the words “tax return” send shivers down your spine because you always end up with a gigantic headache and little or no tax refund at the end? Maybe the problem is in preparation and planning – or lack of it. Tax law is complicated, and it takes a coordinated, sustained effort to optimize your…
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1 In 5 Americans Aren’t Saving Anything For Retirement

It used to be that many American career paths included pensions. Employees would put in their time in the office or factory, and employers would take care of them when they got too old to work. Today, jobs with defined-benefit pension plans are few and far between. Left to our own devices, are Americans taking…
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Calculating Your Retirement Nest Egg

As can be seen from yesterday’s example, an individual desiring $4,000 of monthly net income in retirement can need in excess of a $1,000,000 retirement portfolio to supplement his or her Social Security and pension income. As can be verified by this calculation, there are many factors to determining the retirement “nest egg” that must…
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Does Itemizing Or Standard Deduction Minimize Taxes?

Should you itemize deductions or take the standard deduction for tax year 2017 (the taxes you will file in early 2018)? Either path may be right for you, but don’t just assume the standard deduction is your best option. With today’s sophisticated tax software, it’s relatively easy to calculate your itemized deductions and see if…
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