In this episode: taxes, the Secure Act 2.0, the best news, Roths, 529’s, catch-up contributions, and the new options you have. On December 29th, 2022, Joe Biden signed the Secure 2.0 Act into law. As this law may have ramifications on your retirement tax planning, to stay ahead of the curve we decided to have …

Continue reading "Secure Act 2.0 Deep Dive | Sean Mullaney | Ep 421"

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This blog has traditionally focused on early retirement. As such, we haven’t given Social Security the attention it probably deserves. Social Security benefits are crucial for most retirees. Even for early retirees with sizable portfolios, Social...

Professor Malkiel discusses the latest edition of his legendary book and some of the biggest lessons from his own life.

The post Podcast: Burton Malkiel and “A Random Walk Down Wall Street” 50 Years Later appeared first on NewRetirement.

Hiring a tax professional is the safe way to go. If you are confused by your taxes or have a lot of questions it's probably a good idea to go ahead and get a pro on your side. Consider working with a tax preparer if you're self-employed; plan to itemiz...

IRS rules, government staffing, and more could cause your 2023 early tax return to be delayed for several weeks

The post Why Your 2023 Early Tax Return Will Be Delayed appeared first on The College Investor.

It's a lot less stressful to gather all the tax documents you need before you sit down to file taxes. Here's a list of all the essentials.It's a lot less stressful to gather all the tax documents you need before you sit down to file taxes. Here's a lis...

There are several legal ways to increase your tax refund - and they all involve making sure that you do all the right things.

The post The Best Legal Ways To Increase Your Tax Refund appeared first on The College Investor.

See the impact of new 2023 and 2033 RMD ages on your projected retirement plans. Your taxes, income, and Roth strategies may have changed.

The post New RMD Ages in 2023 and 2033: Immediately See the Impact on Your Retirement Income and Taxes appeared first on NewRetirement.

There are various ways to receive your tax refund when you don't have a bank account. One is to cash a check using an app. Learn more here!

The post How to Get Your Tax Refund If You Don’t Have a Bank Account appeared first on The College Investor.

There are big retirement planning changes with passage of the Omnibus Spending Bill, including the SECURE Act 2.0. See how you are impacted.

The post Big RMD Changes and 11 Other Retirement Planning Headlines from SECURE 2.0 and the Omnibus Spending Bill appeared first on NewRetirement.

There's a strong chance your tax refund is going to be much smaller in 2023 due to the ending of many Covid-era tax credits.

The post Why Your Tax Refund Is Going To Be Smaller In 2023 appeared first on The College Investor.

Doing a Roth conversion — also known as a “backdoor Roth IRA” – is perhaps still appealing in 2023. Why? Low 2023 tax rates. What is a Roth Conversion? Backdoor IRA? A Roth Conversion is when you convert money that you have in a traditional IRA to a Roth IRA. This is sometimes called a…

The post Why a Roth Conversion or Backdoor Roth IRA is a Good Idea Right Now appeared first on NewRetirement.

Filing your taxes is one of those key “adulting” skills that seems confusing at first, but can be way easier than it sounds.Filing your taxes is one of those key “adulting” skills that seems confusing at first, but can be way easier than it sounds. The...

Do you really know everything about how qualified your tax preparer is? Here's what you need to know to be safe.

The post 3 Things Your Tax Preparer Won’t Tell You [And Why It Matters] appeared first on The College Investor.

In this episode: w2 employment to self-employment, s-coporations vs self-employment, avoiding penalties, megas backdoor roths, retirement planning, and health insurance. Most of us are familiar with a W2 job, and there is a certain level of convenience that comes with working a W2 job as it relates to retirement planning and taxes. So much so …

Continue reading "401(k), Mega Backdoor Roth and the Premium Tax Credit | Sean Mullaney | Ep 409"

The post 401(k), Mega Backdoor Roth and the Premium Tax Credit | Sean Mullaney | Ep 409 appeared first on ChooseFI.

The tax resolution industry has a reputation for sketchy, even predatory behavior. Ideal Tax is different. If you have serious income tax issues, you should consider working with their in-house tax attorneys, CPAs, and IRS negotiation experts. Learn ab...

If you want to keep taxes low in retirement, a handful of strategies can be used while working or when ... Read more