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Aside from income taxes, retirees will also pay consumer taxes and may face a 3.8% Medicare surtax.
February 24
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The Social Security retirement rate is based on their highest 35 years of wage-indexed earnings.
February 19
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The spike in the number of older employees in the workplace reflects a trend over the past decade.
February 18
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Taking advantage of catch-up contributions is one of several methods that can help them get back on track.
February 12
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Retirees can reverse their claiming decision, but not without considering one important caveat.
February 10
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Seniors may consider working longer or relocating somewhere where their benefits are not subject to state taxes.
February 7
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Pre-retirees are encouraged to save aggressively and create a list of things they plan to spend their money on without remorse, an expert says.
February 6
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Clients can void overspending by seeking out sales and discounts to lower their food and entertainment costs.
February 5
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While they don't need a child to claim the earned income tax credit, the benefit's value increases based on the number of kids clients have.
February 4
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"Since no one has a crystal ball to predict what will happen, I advise saving money on both sides of the tax fence," an expert says.
February 3
