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Investment

Required Reading for Anyone Worried About Their 401k RMDs (Required Minimum Distributions)

What Is a Required Minimum Distribution? The dreaded RMD of 401ks. A 401k is an employer-sponsored retirement account that allows employees to save for their…


Taxable vs. Non-Taxable Income

Generally speaking, the IRS considers almost every type of income under the sun to be taxable income. No surprises there, right? However, there are a…


7 Year-End Tax Tips

During the month of December, consider these year-end tax tips that could save you money when April 15th comes around. 1) Give to Charity If you…


What Is a Tax Levy?

Information About Federal Tax Levies   If you owe back taxes, the IRS may place a tax levy on your property and/or assets. A tax…


Tax Tips for Retired Persons

Special Tax Considerations for When You Retire Many people believe that once they retire, they will pay less in taxes due to a lower income.…


Are You Subject to the Alternative Minimum Tax (AMT)?

Learn About AMT Rules & Guidelines   The Alternative Minimum Tax (AMT) is basically an income tax system that runs parallel to the regular income…


IRAs and Your Taxes

Tax Information for Individual Retirement Arrangements (IRAs) Saving for your retirement through individual retirement accounts (IRAs) can have a significant impact on your taxes. IRAs…


The Differences Between Taxable And Non-Taxable Income

Learn the Differences Between Taxable and Non-Taxable Income   As many are still recovering from the Great Recession, the idea of having income (or even…