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Each year, the IRS adjusts tax brackets to keep up with inflation. For 2025, these adjustments reflect a more moderate inflation rate, resulting in about a...
If you’ve researched federal retirement taxes, you likely know that most of your FERS pension (up to 90%) is taxable, and 50% to 85% of your...
Income taxes and Social Security benefits are designed to favor married couples, so the simple fact is that singles ultimately need to save more for retirement....
As you make preparations for retirement, it’s important that you have all your bases covered. An analysis of the fundamental building blocks of a retirement plan...
Many retirees assume they will fall into a lower tax bracket upon retirement, but this assumption can often lead to unexpected tax liabilities. Consider Your Future...
With the looming possibility of Congress not extending the Trump Tax Cuts (TCJA) for individual taxpayers, those nearing retirement or already retired might find themselves facing...
Seniors should be aware of these top strategies to potentially reduce their tax obligations. Elevated Filing Thresholds for Individuals Aged 65 & Over Individuals aged 65...
Retirement is the phase of life we eagerly anticipate, a time for relaxation and enjoying the fruits of our labor. However, ensuring financial stability throughout retirement...
1. Errors in Your Earnings Record Can Impact Your Benefit Many individuals overlook the importance of regularly reviewing their Social Security earnings record for accuracy. Mistakes...
When does the journey towards retirement truly commence? The IRS’s provision for Catch-Up Contributions to your TSP at age 50 marks a pivotal milestone in your...