If you are over 70, you likely must take a distribution from your IRA each year. This is a taxable distribution so it increases your taxable income. Alternatively, you are allowed to divert some or all of your required IRA distribution to a qualified charity. If you do this, it’s not recognized as income and,…

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How much will you save towards retirement in 2021? Do you know how much you should be saving? Here are the maximum amounts you can save into the most commonly used retirement plans in 2021: 401k Pre-tax or ROTH – $19,500 401k Catch-up if over 50 – $6,500 SIMPLE IRA – $13,500 SIMPLE IRA Catch-up…

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Iceland Switzerland Norway Ireland New Zealand Sweden Denmark Canada Australia Luxembourg The US came in at no. 18 out of 44 countries for health, happiness, and financial security, according to the global retirement index from Natixis Investment Managers. While the list is fluid year over year, it’s fun to see a few of the top…

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Retiring takes a lot of hard work, saving, and discipline. However, if you chose to retire in Georgia, there are some great tax benefits that make the transition to retirement a little cheaper and easier. Here are the main benefits of retiring in GA: GA Retirement Income Exclusion: This allows GA taxpayers (age 65 and…

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