Ralph Short has been helping Virginia residents strategize and plan for retirement for nearly four decades. There are many people who have worked hard and saved up for their envisioned future, but that is just part of the journey.
Ralph routinely posts informative blogs and articles that help retirees and pre-retirees alike with topical information on a financial world where trends and regulations are constantly in motion.
For a second consecutive year, there are some changes to upcoming taxes that could affect your retirement saving strategies. Most notable is another increase to the annual amount that can be infused into IRA and 401(k) accounts. For IRAs, the contribution limit is now $7,000 (up from $6,500 last year)...
Read MoreAs people near or transition into retirement, there can be a drastic change in terms of the sources of their income. Inevitably, that also leads to a new landscape of taxes possibly taken out of withdrawals from retirement accounts or from gains realized by cashing in on investments. Consider these...
Read MoreRarely does a year go by without changes to the federal tax code and 2024 is no exception. It is important to stay up to date on tweaks to the process with each passing year to put yourself in the best position to help maximize your return or help minimize...
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