Posts tagged retirement

Tax Issues with early Distributions f...

Tax Issues with early Distributions from Retirement savings.
Tweet Taxpayers may sometimes find themselves in situations when they need to withdraw money from their retirement plan early. What they may not realize is that that it may mean a tax impact when they file their return. To discourage the use of IRAs for the purposes other than retirement, tax law imposes a 10% additional tax on early distribu [...]

Find the Best Retirement Plan Options...

Find the Best Retirement Plan Options in New York
Tweet If you live in or near New York City and you’re hoping to retire in the area, there are many options available for retirement savings.  With arguably the highest costs of living in the nation you are going to need a significant nest egg. While retirement options are generally specific to an individual’s situation, there are some New Yor [...]

What Do You Need To Know About Annuit...

What Do You Need To Know About Annuities And Annuity Rates?
Tweet Annuities are types of life insurance contracts that are issued by insurance companies to insure your income. While you might not be familiar with this type of policy, it’s used in almost every pension plan, both public and private, as well as many IRAs and other private retirement plans. Even though these contracts are commonplac [...]

Your Tax Refund – Why you shoul...

Your Tax Refund – Why you should invest it.
Tweet Tax Refund? Here’s Why You Should Invest It. Many business owners and freelancers overpay their taxes and thus end up getting a government tax refund. It’s tempting to use that money for things you want, whether it’s a vacation, new furniture or the latest hot gadget. But that refund can be even more useful in helping [...]

Retirement Options for Freelancers

Retirement Options for Freelancers
Tweet If you are self-employed, then retirement might not be something you give much thought to. After all, you set your own hours, make your own money, and live the way you want. However, if you want to continue enjoying all of the freedom and other benefits that being self-employed offers, you need to start planning for your future as soon [...]

Choosing a 401(k) the Easy Way

Choosing a 401(k) the Easy Way
Tweet Once upon a time, employers provided a pension to reward their faithful employees for their years of dedication and service to the company. Unfortunately, the days of guaranteed pensions are gone. However, there is still a way to both save for retirement and reduce taxable income. In 1978, Congress added Section 401(k) to the Internal R [...]

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