by Paul Scott | Apr 9, 2021 | Uncategorized
Taxes don’t stop when you stop receiving a paycheck. If you have multiple sources of income in retirement, your tax burden could be substantial. By understanding how different types of income are taxed, you can develop income planning strategies that work to lower...
by Paul Scott | Apr 1, 2021 | Uncategorized
The pandemic has been hard on Americans nearing and in retirement, but there are likely other obstacles coming. Increased government spending on COVID relief plus strain on our healthcare system could mean we’ll see higher taxes, inflation, and healthcare costs in the...
by Paul Scott | Mar 24, 2021 | Uncategorized
We’ve entered a full year of living with the pandemic, and there have been several events during the year that could affect you this tax season. In April 2020, the CARES Act (Coronavirus aid, Relief, and Economic Security Aid) provided relief to individual Americans...
by Paul Scott | Mar 10, 2021 | Uncategorized
When you file your 2020 income taxes could either boost or lower your next stimulus payment. The IRS began accepting 2020 tax returns on February 12. But waiting to file could mean a bigger third stimulus check. There are lots of good reasons to file your taxes early...
by Paul Scott | Feb 24, 2021 | Uncategorized
Planning for retirement is never a ?set it and forget it? activity. There are unexpected disasters, market drops, and changing laws that invariably cause retirees to reevaluate their plans of action. Recently, the Federal Reserve?s statements regarding interest rates...
by Paul Scott | Feb 16, 2021 | Uncategorized
The SECURE Act (Setting Every Community Up for Retirement Enhancement Act) recently had its one-year anniversary. It was the biggest piece of retirement legislation to be passed in many years, and it will undoubtedly have a major effect on how many Americans approach...
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