The following article was published by the IRS. Taxpayers who pay for higher education in 2018 can see tax savings when they file their tax returns. If taxpayers, their spouses or their dependents take post-high school coursework, they may be eligible for a tax benefit. There are two credits available to help taxpayers offset the costs [...]
[youtube https://www.youtube.com/watch?v=-88hSQUR4tw]A pretty accurate definition of retirement is doing what you want when you want to do it. In other words, it’s when you are able to start living life on your terms financially. The amount of time to reach this point varies from person to person, but it comes down to more than just what [...]
The following article was published by the IRS. IRS.gov is a great place for taxpayers to visit when they have questions about the Tax Cuts and Jobs Act. The legislation, which was passed late last year, includes changes to many areas of the tax law. Here are some of the resources on IRS.gov that will help [...]
[youtube https://www.youtube.com/watch?v=Rab6cWee1bc] What is an annuity? An annuity is an investment product that pays out a steady stream of income over time during retirement. When you purchase an annuity, usually from an insurance company, you agree to make a lump sum payment up front, or regularly scheduled payments at agreed-upon intervals. In exchange, you are guaranteed [...]
The following article was published by the IRS. Retirement can affect someone’s tax situation. Anyone who has retired recently — or who plans to retire soon — can visit IRS.gov for information that can help them prepare for filing their taxes next year. Here are some tools and resources for retirees, all available on IRS.gov: Individual [...]