7 Simple Tips for Filing Your 2018 Taxes

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7 Simple Tips for Filing Your 2018 Taxes
Now that 2018 is coming to an end, here are a few money-saving tax tips you can implement soon that may put more money in your wallet later. Tip No. 1► Take Your Losses Take time to review your portfolio. If you have losses, consider selling them before year-end. Taking a loss offsets capital gains made in your other positions. You can write off or claim your net capital losses up to $3,000, or $1,500 if you’re married and filing separately. And according to IRS.gov, if your ... Continue Reading →
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Taxes

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Retiring at 62 vs. 70: Pros and Cons

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Retiring at 62 vs. 70: Pros and Cons

The age at which you retire will impact the rest of your life, so choose carefully.

When most people think of retirement planning, they think about how much money they need to save. But saving is only half the battle; determining when to retire is just as important. Social Security benefits play a major role in deciding your retirement age, though it’s important to remember that claiming benefits and actually retiring doesn’t always go hand in hand. You can claim benefits while still working ... Continue Reading →
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Retirement

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