Have you ever wondered how you will be able to afford life in retirement? Did you ever stop to consider when might be a good time to think through these details? It might be earlier than you’re thinking.
For all of the hoopla surrounding the Tax Cuts and Jobs Act (TCJA), it is hard to determine whether the end result has been a net positive or a net negative.
Imagine getting a (taxable) income stream for life, without having to purchase an annuity.
We’ve come to take for granted that anytime you hear someone has a pension, that it’s like they’ve won the golden ticket to Willy Wonka’s Chocolate Factory.
So, you made it. Retirement. The final frontier.
Growing old in America is not for the faint of heart.
Suppose I offered you the chance to win $50 on the flip of a coin. If the coin lands heads, you win!
Q. Is it possible to take the standard deduction on the federal tax return, but use itemized deductions on the state tax return?