Don’t Get Blown Away by a Windfall
Receiving a sudden and sizable influx of cash may seem like a dream come true. It can be, but many people get carried away by a windfall and end up …
Avoiding Surprises: How to Calculate and Minimize Taxes on Social Security Benefits
Whether you’ve filed your 2022 tax return or soon will, one thing you don’t want to experience is a surprise. Many older people are caught off guard when they find …
Am I saving too much in an emergency fund?
Back in 2020, when the COVID-19 pandemic first hit, many people’s emergency funds were suddenly put to the test — assuming there was a fund at all. Now, three years …
Does the SECURE Act 2.0 Law Make Retirement More Secure?
A new law was recently signed that will help Americans save more for retirement, although many of the provisions don’t kick in for a few years. The Setting Every Community …
The Pros and Cons of a Nonqualified Deferred Compensation Plan
Nonqualified deferred compensation (NQDC) plans allow participants to set aside large amounts of tax-deferred compensation while enjoying the flexibility to schedule distributions to align with their financial goals. However, the …