November is Retirement Planning Month
Don’t Assume You’ll Pay Less in Taxes in Retirement
Kiplingers Article Provided by Taylor Financial Group, LLC
Today’s retirees have possibly more money than any previous generation – and this could mean they’ll also pay the most in taxes. This generation of retirees has a substantial amount saved in tax-deferred retirement accounts as well as other taxable assets, which means they shouldn’t assume they’ll pay much less in taxes in retirement…Read More
5 Questions to Ask Yourself 5 Years Before You Retire
Article Provided by Taylor Financial Group, LLC
The first step in any retirement income plan is to envision your retirement and make some decisions about how you will live. This, in turn, will inform your budget and your retirement income plan. If the numbers don’t support the life you have in mind, now is the time to find out…Read More
What Issues Should I Consider Before I Retire?
Checklist Provided by Taylor Financial Group, LLC
This checklist covers 32 of the most important planning issues to identify and consider for anyone who is about to retire…View Checklist
TFG’S QUARTERLY UPDATE
The House View: TFG’s Investment Update
Provided by Taylor Financial Group
The markets continue to shock and awe. Aside from the entertainment value of cryptos and other asset classes bouncing around, there sure is plenty to keep an eye on. With that in mind, see below three themes we are watching closely for Q4 2021, as well as our current asset allocation tilts…Read More
SOCIAL SECURITY’S UNCERTAIN FUTURE
Social Security’s Uncertain Future: What You Should Know
Article Provided by Taylor Financial Group, LLC
Social Security is a pay-as-you-go system, which means today’s workers are paying taxes for the benefits received by today’s retirees. However, demographic trends such as lower birth rates, higher retirement rates, and longer life spans are causing long-run fiscal challenges. There are simply not enough U.S. workers to support the growing number of beneficiaries. Social Security is not in danger of collapsing, but the clock is ticking on the program’s ability to pay full benefits… Read More
REVIEW THESE FIVE YEAR-END STRATEGIES FOR CHARITABLE GIVING
5 Year-End Strategies for Charitable Giving
Article Provided by Taylor Financial Group, LLC
Many people have charitable inclinations, however, they do not realize the variety of ways they can donate or that through donating they can receive significant tax breaks. Even though fewer people will be itemizing deductions as a result of the Tax Cuts and Jobs Act, there are still many ways to realize tax savings from your charitable giving. These five giving strategies combine the desire to support good causes with the possibility of…Read More
MISSED OUR LATEST ANNOUNCEMENTS?
Most Changes to Personal Taxes, Retirement Plans Dropped from Build Back Better Act
11.1.2021
In September, I covered the proposed tax plan released by Democrats on the House Ways and Means Committee, which would help pay for the $3.5 trillion Build Back Better Act through changes to corporate, personal, and other taxes, as well as retirement plans…Read More
Employee Benefits Plans & 401(k) Statements
10.6.2021
Every employee benefits plan is different and the types of benefits offered can vary and even change over time. Therefore, it is important to understand the benefits that are available to you which can include a variety of employer-sponsored retirement plans, insurance options, deferred compensation plans, stock purchase plans, profit-sharing plans, savings accounts, education assistance, etc…Read More