The first major overhaul of the US tax code in more than 30 years, the Tax Cuts and Jobs Act (TCJA), took effect in 2018 and is expected to significantly impact all American taxpayers through 2025. At nearly 200 pages, the Act substantively changes the tax code for both institutions and individuals, aiming to cut corporate, individual, and estate tax rates.
Retirement planning is a complex and often misunderstood topic. Many people have misconceptions about what retirement should look like, especially if they haven’t taken the time to learn about the realities of retirement or have no plans.
What are some of the most effective ways to make your retirement savings last? Read More »
American retirement marketing often gives us idealized, fantasy-tinged visions of how life without work will look. Brochures show Meg and Joe on the beach, holding hands and sipping margaritas without a care.
Have you planned for unexpected or overlooked retirement expenses? Read More »
The so-called “theory of decreasing responsibility” says that although many seniors will have decreased income levels when they retire, they will also have fewer expenses and lower taxes. I call baloney on both these ideas.