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Qualified Charitable Distributions

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It is estimated that almost 90% of taxpayers will claim the expanded standard deduction when paying their 2018 taxes. That means that while you might be very generous in your charitable giving during the year, you won't get any specific tax deduction for your generosity. However, if you are over the age of 70-1/2, ...

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Social Security Changes To Expect In 2019

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The following changes take effect on January 1, 2019, as announced by the Social Security Administration: Beneficiaries will see a 2.8% increase in payments. Maximum taxable earnings will increase to $132,900. An increase in the full retirement age for those who turn 62 in 2019 to 66 and six months. An increase in ...

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The Average Retirement Savings By Age

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How do your savings compare? The amount needed for retirement is different for everyone. Nevertheless, there are benchmarks you can try to hit at every decade of your life. It's never too early in your career to put a plan together, but it's never too late to start, either.This article combines a survey by ...

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Beginner Estate Planning

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For millennials, it's never too early for estate planning. Very few of us want to contemplate our own demise, and this is especially true if you expect that to be decades in the future. However, in addition to an unexpected passing, estate planning can also provide for incidents that may also require some legal resolution, ...

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The Top 5 Financial Mistakes Millennials Make

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The millennial experience with the 2008 financial crisis may have given them a perspective towards their financial lives that can be detrimental to achieving any long-term aspirations they might have. This distorted view may have led many to make any number of the following mistakes: Waiting to invest – time is the biggest advantage millennials have ...

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