Universal advice about maximizing tax savings in retirement is hard to come by because every retirement saver and retiree’s situation is different. For example, does it make sense to delay Social Security benefits for you or your spouse until 70, or is the upside of...
The United States has made some huge strides toward equality in the past several decades, but women still face unique challenges when it comes to retirement. These disadvantages don’t necessarily apply to all women, but income and retirement inequalities are still a...
If you’re a retiree, your income may be largely or entirely derived from specific retirement savings tools you invested in during your working years. Common examples include Roth and traditional IRAs, 401(k)s and annuities. If you’re unsure of how to report that...
Have you and your spouse discussed when you’ll begin claiming your Social Security benefits? Do you know how much SSI you’ll receive each month and the potential consequences of taking your benefit early? How much you can rely on Social Security depends on your birth...
The basic steps for preparing taxes ahead of Tax Day, whether you’re still working or retired, should include: Gather all necessary tax documents, such as W-2s and 1099s Determine your filing status and exemptions Ensure that you have the necessary forms and...
