by Jonathan Bill | Sep 7, 2022 | Biz Taxes, Retirement, Tax Season
By law, you must pay income tax as you earn income — generally at least 90% of your taxes due. If you are an employee, your tax payments are typically paid by your employer in the form of withholding from your paycheck. However, if some or all of your income is not...
by Jonathan Bill | Jun 15, 2022 | General Info, Personal, Retirement
A new information policy will soon impact your 401(k) statements, thanks to the Secure Act, which was passed in 2019. The legislation requires special disclosures be added to your quarterly statements issued after June 30. In addition to the basic information about...
by Jonathan Bill | Nov 11, 2021 | General Info, Personal, Retirement
Retirement may be closer than you think — especially if you’re saving money now just for that purpose. An Individual Retirement Arrangement (IRA) can be a smart way to save because it provides tax incentives to help you on your path. And IRAs are easy to set up with a...
by Jonathan Bill | Jun 30, 2020 | COVID-19, Personal, Retirement
If you are retired now or planning on retiring soon, you’ll need to determine if any of your Social Security benefits will be taxed. It’s an important part of figuring your income and expenses during this time of your life. Since 1984, Social Security beneficiaries...
by Jonathan Bill | May 8, 2020 | COVID-19, Personal, Retirement
If you have an IRA or other qualified retirement plan and you are 70+, you’ll want to know about a special rule change made in response to the COVID-19 pandemic. Under the Coronavirus Aid, Relief and Economic Security (CARES) Act enacted in March, you will not have to...
by Jonathan Bill | Feb 16, 2020 | Personal, Retirement
According to a recent study by GOBankingRates, Georgia ranks as one of the best states to retire if you’re trying to stretch your nest egg. If you have $100,000 saved, for example, you can expect to live off that for 877 days in Georgia (roughly 2-1/2 years). The...
