10 Apr Home Prices Have Risen at Record Pace
U.S. home prices rose 20% during the 12 months ending in August 2021 as buyer demand far exceeded the supply of dwellings for sale. This was the largest annual price...
financial planner Tag
10 Apr If You Drive but Don’t Own a Car, Consider Non-Owner Insurance
If you don't own a vehicle but regularly rent or borrow one, you might consider purchasing non-owner car insurance. This type of liability insurance provides coverage when you're driving a...
10 Apr Annuity Income: Annuitization vs. Lifetime Withdrawal
During your working years, you're accustomed to living on an income from your job. When you retire, the income from employment ends. Social Security provides a steady income, but it...
24 Mar Breaking Down the Gender Wage Gap
Women who worked full-time earned just 82 cents for every dollar earned by men in 2020. Women also earned less than men in almost all of the 350 occupations tracked...
23 Feb Charitable Giving Can Be a Family Affair
Posted at 15:43h
in Budgeting, Economy, Insurance, Investing, Retirement, socially responsible investing, sustainable investing, Uncategorized
As families grow in size and overall wealth, a desire to "give back" often becomes a priority. Cultivating philanthropic values can help foster responsibility and a sense of purpose among...
23 Feb 2022 Key Numbers
Links to all of the key numbers for your 2022 planning. Individual Income Tax Planning Alternative Minimum Tax (AMT), child tax credit, earned income tax credit, itemized deductions, kiddie tax, personal exemptions,...
23 Feb 2022 Key Numbers-Retirement Planning
Employee/individual contribution limits Elective deferral limits 2021 2022 401(k) plans, 403(b) plans, 457(b) plans, and SAR-SEPs 1 [Includes Roth 401(k) and Roth 403(b) contributions] Lesser of $19,500 or 100% of participant's compensation Lesser of $20,500 or 100% of...
23 Feb 2022 Key Numbers-Individual Income Tax
Adoption credit Adoption credit 2021 2022 Maximum credit $14,440 $14,890 Phaseout threshold amount $216,660 $223,410 Completed phaseout amount after $256,660 $263,410 Alternative Minimum Tax (AMT) Maximum AMT exemption amount 2021 2022 Married filing jointly or surviving spouse $114,600 $118,100 Single or head of household $73,600 $75,900 Married filing separately $57,300 $59,050 AMT income exemption phaseout threshold 2021 2022 Married...
23 Feb 2022 Key Numbers-Investment Planning
Maximum tax on long-term capital gains and qualified dividends 0% rate applies (taxable income thresholds) 2021 2022 Single Up to $40,400 Up to $41,675 Married filing jointly Up to $80,800 Up to $83,350 Married filing separately Up to $40,400 Up to $41,675 Head...
23 Feb 2022 Key Benefits-Government Benefits
Social Security Social Security Cost-of-living adjustment (COLA) 2021 2022 For Social Security and Supplemental Security Income (SSI) beneficiaries 1.30% 5.90% Tax rate--employee 2021 2022 FICA tax -- Employee 7.65% 7.65% Social Security (OASDI) portion of tax 6.20% 6.20% Medicare (HI) portion of tax 1.45%1 1.45%1 Tax rate--self-employed 2021 2022 Self-Employed 15.30% 15.30% Social Security (OASDI)...