Browsing Tag
Taxes
71 posts
These 13 States Won’t Tax 401(k)s in 2026
9 have no state income tax while another 4 exempt retirement income; only 9 states still tax Social Security income
Trump’s BBB to Accelerate Social Security, Medicare Insolvency by Another Year: CRFB
One Big Beautiful Bill Act becoming law means insolvency in 2032 rather than 2033; Bill does not eliminate Social Security taxation, but does provide special tax break for seniors that Trump claims amounts to no taxation on benefits; “Trump Accounts” make the cut
‘Trump Accounts’ Christened as New Name for ‘MAGA Accounts’ in GOP Tax Bill
The new savings accounts, likened to a “401(k) for kids,” are included in the bill passed early Thursday in the House
Group Warns on ‘Cost of Doing Nothing’ About Social Security
Peterson Foundation says waiting until Trust Fund depletion would necessitate payroll tax increases or benefit cuts about one-fifth higher than if the Congress acted today
Trump vs. Harris: How Winner May Impact Taxes, National Debt
Budget watchdogs each release analysis of candidates’ professed tax and spending plans while Empower survey finds half of Americans believe election outcome will directly impact their personal finances
6 Tax-Friendly Overseas Havens for Retirees
A new report from the overseas experts at International Living highlights six countries where expats can protect their foreign-earned income and live well for less.
SoFi Invest Announces 2% Match on IRA Contributions Through Tax Day
The digital personal finance company is doubling their previous 1% match on eligible individual retirement account contributions
Participants Worried About Higher Taxes on 401(k)s
Latest Allianz Life study finds future tax increases on tax-deferred retirement accounts are top of mind alongside continued fear of an imminent market crash and little confidence in future of Social Security
The ‘Smart’ Thing to Do with a Refund of 2023 Taxes
No, not your 2022 tax refund; yes, the 2023 tax refund workers will receive a year from now! Jack Towarnicky has advice on the subject for 401(k) plan sponsors
Why HSAs and 401(k)s Are Better Together (Part Two)
Those who save in both a Health Savings Account (HSA) and a 401k can achieve a superior, synergistic outcome – dramatically better than participation limited to only one of the two accounts