Social Security Benefits are Taxable?

Many people are surprised to learn that their Social Security benefits are taxed. Typically, this only happens with taxpayers who have substantial income outside of Social Security but nonetheless, up to 85% of the benefit you receive from Social Security can be taxed. How much of the benefit will be taxed depends on your income and your tax filing status.

Social Security Claiming Strategy Set to Expire

After April 29th of this year, a popular Social Security claiming strategy known as the “File and Suspend” option will no long be available.

Gifting to Your Kids? Beware of the Kiddie Tax

Parents (and grandparents) often gift appreciated securities to their kids (and grandkids) with the thought that the children can sell the securities and pay less in taxes. This can be a valuable strategy but if it is something you are considering doing, you need to be aware of the Kiddie Tax.

Financial Planning Across the Generations

Today's Boston Sunday Globe featured a series of articles about how financial planning objectives differ across the generations.

When Must I Begin Taking Distributions From My IRA?

Once you turn age 59 ½, you are allowed to take penalty-free withdrawals from your IRA. But what if you turn 59 ½ and don’t need the money?? How long can you wait to take a withdrawal?

Will You Live to Be 100?

In our last blog post, we talked about how to estimate how much you will likely spend once retired. Getting this number right is very important.

Will You Spend More or Less Once Retired?

When trying to determine how well prepared you will be for retirement, two questions are very important – at what age will you retire and how much will you spend once retired.

Beware of Year End Distributions

Every year at the end of the year, funds pay out their capital gains and dividend distributions. In some cases, these distributions can exceed 20% of the assets in the fund so it pays to be aware of when the distributions will be paid.

New Student Debt Repayment Options

One popular student debt repayment option – the Pay As You Earn (PAYE) program, sets the amount due on a student’s loan at an amount equal to 10% of the borrower’s discretionary income.

October Was A Standout Month

The third quarter of 2015 was a rough one for the markets. The S&P was down noticeably and the international markets suffered as well. In the span of just a few days last quarter, the market experienced its first official “correction” in over 4 years. So, how was October, the first month of the new quarter?

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