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“Public pension plans continue to bury their heads in the sand living in a time warp of decades-old actuarial assumptions,” says a former Connecticut state treasurer.
June 15
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Seniors receiving pension payments should ensure that their tax withholding is enough to cover the tax liability on the income and avoid trouble with the IRS.
June 14
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Contrary to what many people think, Social Security will continue to pay benefit payouts to future retirees even after the program exhausts its trust funds by 2034, says expert.
June 13
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A portion of retirees’ Social Security benefits may be taxed at the federal level if their combined income exceeds a certain limit.
June 12
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One may have lots of disposable income, while the other may have to rely on taxable distributions.
June 11
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We have multiple goals in life and should be able to handle short-term debts and long-term goals without sacrificing one for the other, says an expert.
June 8
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Clients saving for retirement are advised to overweight their portfolio with small-cap value stocks and funds. Here's how.
June 7
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The new tax law has nearly doubled the standard deduction and limits the deduction for state and local taxes, making it less likely for taxpayers to itemize their deductions.
June 6
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The gig economy ushered in a new way of working, which in turn has ushered in a new way of retiring.
June 5
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About 4.3 million of the 18 million workers in the 55-64 age bracket are likely to live in poverty once they reach 65, according to a study.
June 4
