As we peer into the crystal ball of 2025, one question looms large: how will US tax reform shape the economic landscape? The coming years promise {aera of unprecedented change as policymakers grapple with pressing challenges. From tackling income inequality to fostering innovation, tax reform will serve as driving economic growth and societal progr
Securing your financial future requires a proactive approach. One of the most powerful tools at your disposal is a top-tier 401(k) plan. A well-designed 401(k) offers numerous perks, allowing you to drastically grow your retirement savings. First and foremost, a 401(k) allows you to allocate pre-tax dollars, minimizing your current tax burden. Thi
Navigating the world of retirement planning can be complex, especially when it comes to understanding different types of pension deductions. Two common options are defined benefit and cash balance plans, each with its unique design. A defined benefit plan typically guarantees a specific monthly payment upon retirement, based on factors like your sa
Securing your financial future during retirement requires careful planning and strategic accumulation. Two key elements to consider are pension deductions and 401(k) plans. While both offer valuable benefits, understanding their intricacies is crucial for maximizing your retirement nest egg. Roth pensions often provide a steady stream of income dur
Millions of retirees are set to receive an increase in Social Security benefits starting in April 2025. Thanks to the Social Security Fairness Act, long-standing reductions caused by the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) are being removed, allowing retired public workers, spouses, and survivors to receive the