Only 45 percent of adults have a will or other estate documents in place, which may not be entirely surprising.1 No one wants to be reminded of their own mortality or spend too much time thinking about what might happen once they’re gone. But a will is an instrument of power. Creating one gives you […]
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The American Rescue Plan Act of 2021 passed by Congress on March 10, 2021 includes many non-tax provisions to help address the COVID pandemic. There are also tax provisions in this law that may help you reduce your 2020 taxes. The IRS has extended the 2020 tax filing to May 17, 2021, giving taxpayers additional […]
How do you plan your retirement? Goals based or settling? During the retirement classes I teach I often find most participants have not given any thought to their income goal in retirement. Instead, they are focused on calculating what their FERS or CSRS annuity will provide, Social Security benefit and the amount they need to […]
A 401(k) is a fabulous tool for savvy retirement savers, and it’s a great idea to get a jump on your retirement contributions early in the new year. With the beginning of 2021 comes a fresh start on a lot of financial things, so be sure you know the 401(k) rules for 2021 in order […]