How Will Social Security Benefits and Taxes Change Next Year?

The Social Security Administration recently made some important announcements that workers and retirees should note, including a Social Security benefit increase – and a tax increase. While it’s very unlikely that the program will ever disappear, we could see changes in the coming years due to the program's financial state. The Social Security trust fund [...]

By |2020-10-26T12:46:19+00:00October 26th, 2020|Financial Planning, Social Security, Taxes|0 Comments

3 Reasons Why Your Tax Burden Could Increase In Retirement

Most people assume that their tax burden will dramatically decrease in retirement once they stop receiving a paycheck, but this isn’t always true. A high tax bill is one retirement risk to be aware of and to try and mitigate. We may be experiencing relatively low taxes right now, but a change in leadership in [...]

By |2020-09-08T02:45:09+00:00September 8th, 2020|Taxes|0 Comments

Tax Minimization in 2020 and Beyond

As the coronavirus spread, the government stepped in with unprecedented economic interventions, from direct payments to Americans, to relief for businesses. While these measures may be necessary to mitigate the damage done by the virus and the economic shutdown, they’ve also resulted in a ballooning of the national deficit.[1] U.S. government debt could soon rise [...]

By |2020-06-09T16:53:32+00:00May 25th, 2020|Taxes|0 Comments
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