As retirement approaches, many focus on saving enough, but they often overlook the impact of taxes on their retirement funds. To make the most of your savings, it’s crucial to plan for taxes and minimize their impact. Here’s what you need to know about taxes after retirement and strategies to reduce your tax burden. When […]
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Do I really need $2 million? You’ve probably heard the claim that $2 million is the magic number for a comfortable retirement in the U.S. But is that true? The reality is, there’s no one-size-fits-all figure. Your ideal retirement savings depend on your income, lifestyle, and personal goals. Retirement Benchmarks: What the Experts Say A 2024 study
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March is Women’s History Month, a perfect time to reflect on women’s evolving relationship with money. Recent surveys show encouraging trends: according to Fidelity, 68% of women have concrete financial plans, and 80% are actively saving for emergencies. Younger generations, particularly Gen Z and Millennials, are prioritizing retirement savings more than before. However, challenges remain.
Social Security Fairness Act of 2023, signed by President Biden on January 5, 2025, repeals the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO).
3 million Americans who were affected by WEB/GPO will receive a higher Social Security Benefits!
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