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Retirement

13 States That Tax Social Security Benefits

Shutterstock photo Are Social Security benefits taxable? You better believe it. Uncle Sam taxes up to 85% of your benefits, depending on your income, and several states tack on a state tax of their own. Vermont, for one, treats Social Security benefits the same way as the feds. Other states tax Social Security benefits only if income exceeds a state-specified ...

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How to Be Rich (Hint: A 401(k) Alone Won't Get You There)

Shutterstock photo Tired of being told to “save more money” when you ask how you can improve your financial situation? SEE ALSO: Can You Save Too Much in Your 401(k)? There’s got to be something else you can do to attain the level of wealth you want, right? There is — but … Latest Articles in Retirement

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37 States That Don't Tax Social Security Benefits

Shutterstock photo Some retirees are surprised to learn that Social Security is taxable. The federal government taxes up to 85% of your benefits, depending on your income. Most states, however, exempt Social Security from state taxes. The list of 37 states that don’t tax Social Security includes the nine states with no state income tax, as well as some states ...

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1 in 5 Americans are making a terrible 401(k) mistake

Too many Americans underestimate the value of their employer-sponsored retirement savings accounts, particularly if the employer is willing to match some, or all, employee contributions. While the majority of workers with 401(k) plans contribute more than enough to take full advantage of their employer’s matching program, there are still about 20% of people who don’t. Sure, it doesn’t seem like ...

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13 States That Tax Social Security Benefits

Shutterstock photo Are Social Security benefits taxable? You better believe it. Uncle Sam taxes up to 85% of your benefits, depending on your income, and several states tack on a state tax of their own. Vermont, for one, treats Social Security benefits the same way as the feds. Other states tax Social Security benefits only if income exceeds a state-specified ...

Read More »

How to Be Rich (Hint: A 401(k) Alone Won't Get You There)

Shutterstock photo Tired of being told to “save more money” when you ask how you can improve your financial situation? SEE ALSO: Can You Save Too Much in Your 401(k)? There’s got to be something else you can do to attain the level of wealth you want, right? There is — but … Latest Articles in Retirement

Read More »

37 States That Don't Tax Social Security Benefits

Shutterstock photo Some retirees are surprised to learn that Social Security is taxable. The federal government taxes up to 85% of your benefits, depending on your income. Most states, however, exempt Social Security from state taxes. The list of 37 states that don’t tax Social Security includes the nine states with no state income tax, as well as some states ...

Read More »

There is No Place Like Home: Mature Foreign Asset Protection Trusts Are Coming Home

Shutterstock photo Do you have a foreign asset protection trust (FAPT)? Has it been established for more than 10 years? Are you interested in ways you can save on the costs of maintaining your FAPT? You may now bring your trust home to a qualifying state and still maintain the firewall protections your FAPT provided. SEE ALSO: <a href="https://www.kiplinger.com/article/retirement/T021-C032-S014-delaware-trus… Latest ...

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