You Just Received an Inheritance? So did Uncle Sam!
The only difference between a taxidermist and a tax collector is that the taxidermist only takes your skin. – Mark Twain Don’t try to keep
The only difference between a taxidermist and a tax collector is that the taxidermist only takes your skin. – Mark Twain Don’t try to keep
Politicians, journalists, and lawyers never retire – at least, it seems that way. Arnold Palmer was once asked when he would retire and he said,
This, courtesy of the Financial Planning Association (FPA), of which I am a member: A U.S. Tax Court ruling on IRA rollovers has the IRS
We’re living longer. No news. During your working years you’re saving and accumulating assets. That’s not normally the case for those who retire. Retirement is
When most people buy things, they see only the price tag; but that doesn’t reveal the REAL cost, especially when it comes to luxury items. The real cost of luxury can be more than they realize.
It’s an election year, and while the headline topics dwell on the border, January 6th, the age of the candidates, and all the rest, few are talking about the “3rd rail” of politics: social security.
You can expect a few politicians will come up with innovative approaches (they know will never reach the floor for a vote), but it does make for good campaign sound bites. It can be confusing.