Category: Retirement
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IRA Considerations for Your Retirement?
Saving for retirement is very important, we all know that. One important tool in helping you save for retirement is an Individual Retirement Account (“IRA”). In this post we will first discuss what an IRA is. Second, we will discuss who’s able to open a traditional and Roth IRAs. Third we will discuss the difference…
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States With No Personal Income Tax and Other Benefits for Retirees
We all pay income taxes. However all we often hear about in the headlines is income taxes imposed by individuals at the federal level (IRS). However, ~41 states also apply an income tax with rates fluctuating from 1% to 13% of your state taxable income. This post highlights the states with no income tax, listed…
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Retirement Considerations for the Baby Boomer Generation
Retirement for “Boomers” can be a tough time if you are not familiar with some of the common pitfalls that can shift your retirement funds from you to the respective authorities. First, some boomer facts: Born between 1946 & 1964 (55 to 74 years old) Credited with double digit CAGR with respect to the S&P 500…