Post Profile

5 tax tips for retirees

Nobody wants to pay taxes, least of all retirees who often don't have a lot of money to begin with. Fortunately, there are steps you can take as a retiree to minimize your tax burden. Here are a few tips to help you get started. 1. Prepare to be taxed on your savings withdrawals Unless you have a Roth IRA, the money you withdraw from your retirement savings is subject to ordinary income tax.
read more


Related Posts

Japan’s retiree raid augurs political paralysis

News : Reuters Breakingviews Blog

The PM has cut a deal to double consumption tax and start paying off debt more than double GDP. It’s a good start if it passes. But raising taxes on Japan’s rising retiree class may be political suicide and further delay spending cu...

Smart Tax Tips for Early Retirees

Business & Finance / Entrepreneurship :

Living off of a fixed income presents its own challenges, but you can help reduce them by managing how much you pay in taxes on your fixed income sources. Here are some tips to help you do that. The post Smart Tax Tips for Early Ret...

Retirees And Tax Refunds

Business & Finance : Huffington Post: Business Blog

by Jeff Hoyt, MoneyTips Editor-in-Chief Taking advantage of deductions may increase tax refunds for retirees Retirees may find that managing their taxes becomes more complicated once they leave employment and few take full advantage...

Lunch Links: Bernie Sanders Urges Oregonians to Vote for Gross Receipts Tax; Oregon Tax Windfall from Legal Marijuana Sales; U.S. Supreme Court to Hear Retroactive Tax Case in Washington State

Business & Finance / Taxes : Tax Foundation's Tax Policy Blog

Today is October 20, the date in 1951 that the Revenue Act of 1951 was enacted, raising income, corporate, and excise tax rates temporarily to help pay for the Korean War. Here are some interesting links I came across: Clinton and T...

A Terrible Way To Protect A Retiree From Inflation

Business & Finance / Personal Finance : Forbes: Personal Finance

A lot of people seem to think commodities (especially gold) are suitable guards against inflation. I want to explain why that’s not true – at least over any useful time frame – and then tell you about some of the much better tools a...


Copyright © 2016 Regator, LLC