Navigating Social Security Tax Withholding: A Guide to Form W-4V
I want to focus today on an often-overlooked aspect of the Social Security filing process that could be much easier: federal tax withholding. Many retirees are surprised to learn that their Social Security benefits are subject to federal taxes. In fact, up to 85% of benefits may be taxable, especially for our more affluent clients.
The Quadruple Tax Benefit of Health Savings Accounts for High-Income Earners
As a financial planner working with high-income clients, I often discuss the benefits of Health Savings Accounts (HSAs). While HSAs are typically described as triple tax-free, for high-income households they can effectively offer a quadruple tax advantage.
Why Early Retirement Roth Conversions Can Matter: Navigating Tax Brackets After Spousal Loss
Married individuals often overlook a crucial aspect of long-term financial planning: preparing for the day when only one spouse remains. While this reality is unfortunately inevitable and could occur at any moment, it's a topic I'd like to address today
Types of Taxes Paid By Retirees
Discover the various types of taxes retirees may face and learn strategies to manage your tax burden in retirement. This article covers income tax, Social Security benefits taxation, and more.
Keeping Track Of Your Finances In Retirement
Last week, we discussed the implications of having an emergency fund in retirement. In that article, I touched on a financial goal that many of our retiree clients are trending towards - simplifying their finances. Today, I want to delve deeper into some methods and technologies clients are using to achieve this.