Dispelling the Myth: For Many, Retirement Doesn’t Mean Lower Taxes
In a recent column, wealth manager Montgomery Taylor (CPA, CFP) has a simple message for soon-to-be retirees: don’t assume your tax burden will fall when you enter retirement.
Taylor ...
Illinois Passes Bill To Automatically Enroll 2.5 Million Workers in Retirement Plans
Illinois lawmakers have passed a bill that would allow 2.5 million private-sector employees without retirement plans to enroll in a Roth IRA. Both the House and the Senate passed the ...
Study: Taxes Among Retirement’s Biggest Expenses
A recent study by the Employee Benefit Research Institute found that housing and healthcare, predictably, are the two biggest expenses faced by seniors during retirement.
But the third-largest ...
How to Spend Your 2015 Social Security Benefit Boost
Social Security recipients will receive a 1.7 percent cost-of-living boost in 2015, which amounts to about $260 in extra benefits over the course of a year.
How can you spend that ...
