(Katie Brockman) It can be tough to make ends meet in retirement, especially if you don't have a significant amount in savings. Fortunately, Social Security benefits can help bridge the gap between what you have saved and what you need to pay the bills.The bad news, though, is that taxes can take a chunk out of your benefits in retirement. Although you've been paying … [Read more...] about Social Security: 1 Easy Way to Get Out of Paying Taxes on Your Benefits | Personal Finance
How Do Mega Backdoor Roths Work?
Asian man studying Roth IRAsA mega backdoor Roth is a unique 401(k) rollover strategy that’s designed for people whose incomes would ordinarily keep them from saving in a Roth Individual Retirement Account. The advantage of using a Roth IRA to save for retirement is being able to make tax-free qualified withdrawals. But not everyone can contribute to these accounts; … [Read more...] about How Do Mega Backdoor Roths Work?
Social Security: 1 Easy Way to Get Out of Paying Taxes on Your Benefits | Personal Finance
(Katie Brockman) It can be tough to make ends meet in retirement, especially if you don't have a significant amount in savings. Fortunately, Social Security benefits can help bridge the gap between what you have saved and what you need to pay the bills.The bad news, though, is that taxes can take a chunk out of your benefits in retirement. Although you've been paying … [Read more...] about Social Security: 1 Easy Way to Get Out of Paying Taxes on Your Benefits | Personal Finance
What is the new child credit for 2021? – Macomb Daily
Q: What is the new child credit for 2021? A: Each child will receive a $3,600 credit if under age 6 and $3,000 if age 6 to 17. Families will get advance credits in their bank accounts starting July 15th at a rate of $300 per month if the child is under age 6 or $250 per month if age 6 or older. The advance payments will total 1/2 of the child credit and the other 1/2 will be … [Read more...] about What is the new child credit for 2021? – Macomb Daily
Analysis: Where are the yields going?Investors Weigh US Employment Data and Delta Concerns
On March 26, 2015, the US Bureau of Engraving and Printing in Washington inspects a packet of former President Abraham Lincoln’s $ 5 bill. REUTERS / Gary Cameron / Files New York, August 6 (Reuters)-Unexpectedly strong job numbers in July boost stocks record, boosting the case of investors who believe Treasury yields will be higher for the rest of the year It could put pressure … [Read more...] about Analysis: Where are the yields going?Investors Weigh US Employment Data and Delta Concerns