1. Articles from Fool.com

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    1. What's the Difference Between a Tax Deduction and a Tax Credit?

      What's the Difference Between a Tax Deduction and a Tax Credit?

      You're offered the choice between a $1,000 tax deduction or a $1,000 tax credit: Which do you take? If you're not familiar with the difference between tax deductions and tax credits, you won't know which represents the better deal for your tax return. They both reduce the amount of your hard-earned cash that goes to the government, but in different ways. Below, I'll explain how the mechanics of tax deductions and tax credits differ, as well as walk you through some of the most popular ones.

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    2. What's a 403(b) Retirement Plan?

      What's a 403(b) Retirement Plan?

      It's important to save for retirement, but it's hard to do it all on your own. There are many tools you can use to boost your independent retirement savings, such as a regular investment account or tax-favored IRAs. But many workers are fortunate enough to get some help from the companies they work for, and employer-sponsored retirement plans often have attractive features that demonstrate your employer's commitment to helping you retire in comfort.

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    3. 4 Social Security Changes That Could Impact Your Take-Home Pay in 2019

      4 Social Security Changes That Could Impact Your Take-Home Pay in 2019

      Social Security is our nation's most important social program. Each month, nearly 63 million people receive a traditional Social Security benefit check (i.e., not including Supplemental Security Income), of which roughly 70% are retired workers. Of these aged beneficiaries, more than 3 out of 5 are reliant on Social Security for at least half of their income. Without this program and the guaranteed income it provides to eligible beneficiaries, the elderly poverty rate would likely soar.

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    4. Social Security: Why Claiming Early Could Be All the Rage Next Decade

      Social Security: Why Claiming Early Could Be All the Rage Next Decade

      Whether you realize it or not, you're probably going to be reliant on Social Security for a portion of your retirement income. According to data from the Social Security Administration (SSA), 62% of current retirees lean on the program for at least half of their income, with just over a third reliant on Social Security for virtually all (90%-plus) of their income.

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    5. Are Americans Getting Their Money's Worth From Social Security?

      Are Americans Getting Their Money's Worth From Social Security?

      According to an analysis from the Center on Budget and Policy Priorities, no social program does more for the American public than Social Security. Of the more than 62 million people receiving a benefit check each month, an estimated 22.1 million are kept out of poverty as a result of their payout. Of these 22.1 million, slightly more than 15.3 million are retired workers. Put in another context, the elderly poverty rate would be more than four times higher if Social Security didn't exist.

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    6. Two-Thirds of Adults Don't Know How Their Investments Are Taxed

      Two-Thirds of Adults Don't Know How Their Investments Are Taxed

       About 66% of adults in or near retirement don't understand how capital gains taxes affect their income in retirement, according to a recent Nationwide survey. The short answer is it won't have any impact on your retirement income unless you have some savings in a non-retirement investment account. But that doesn't mean that you don't pay any taxes on your retirement savings at all. Here's an overview of what you need to know about taxes in retirement.

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    7. 4 Big Benefits of a Roth IRA

      4 Big Benefits of a Roth IRA

      Some investors shy away from Roth individual retirement arrangements (IRAs) because, unlike traditional IRAs, they do not provide the potential for an immediate tax deduction . Place money in a regular IRA, this line of thinking goes, and as long as you meet the income requirements, your money is safe from the tax collector for the year in which the contribution took place -- and every year thereafter until you withdraw it.

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    8. Retiring in 2018? You Might Need $280,000 to Cover This One Big Expense

      Retiring in 2018? You Might Need $280,000 to Cover This One Big Expense newsfeedback@fool.com (Christy Bieber) Save So you think you're ready to leave the workforce? Before you hand in your notice, make sure you're fully prepared to support yourself during retirement. And this doesn't just mean having enough money in your travel fund. There's one big expense that could cost you a fortune during your senior years: healthcare.

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      Mentions: Medicare retirement
    9. Can I Get on Medicare as Soon as I Retire?

      Can I Get on Medicare as Soon as I Retire? newsfeedback@fool.com (Maurie Backman) Save Millions of seniors rely on Medicare to pay for their health-related needs. But many near-retirees make one dangerous assumption: that they'll be eligible for Medicare coverage the moment they leave the workforce. If you're wondering whether you can get on Medicare as soon as you retire, the answer is that it depends on when you decide to bring your career to a close.

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    10. The Most Confusing Thing About Social Security

      The Most Confusing Thing About Social Security

      Social Security plays a vital role in your retirement planning. With the potential to receive hundreds of thousands of dollars in Social Security payments throughout your golden years, it's essential to make smart decisions based on all the facts that are available to you. Yet several aspects of Social Security are confusing to people, and that can lead them to make decisions that aren't as good as they'd be if they fully understood their options.

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    11. In Your 40s? Here's What to Expect From Social Security When You Retire

      In Your 40s? Here's What to Expect From Social Security When You Retire

      When you retire, there's a really good possibility that you'll rely on Social Security benefit, to some degree, to help make ends meet.

      According to a Gallup survey conducted in April, approximately five out of six nonretirees implied that Social Security would represent either a major (30%) or minor (54%) source of income during retirement. This combined 84% ties a 15-year high for reliance, based on nonretirees' responses. 

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    12. 4 Tax Concepts I Wish I'd Known Before I Became Self-Employed

      4 Tax Concepts I Wish I'd Known Before I Became Self-Employed

      4 Tax Concepts I Wish I'd Known Before I Became Self-Employed  Save For most of my adult life, I've been an employee. After college, during which I worked various bartending jobs, I started a career as a high school math teacher and continued to do that until I was in my 30s. To say that the tax issues that affect employees and self-employed individuals are different is a major understatement.

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    13. The U.S. Payroll Tax in 2018: What You Need to Know

      The U.S. Payroll Tax in 2018: What You Need to Know

      If you look at your pay stub, you'll notice that in addition to paying federal and state (if applicable) income taxes, there's a separate tax to cover Social Security and Medicare expenditures. This is known as the "payroll tax," but might be listed on your pay stub as FICA taxes, or may even be broken down into Social Security (OASDI) and Medicare components. 

      Here's a quick guide to the United States payroll tax in 2018 -- how much it is, what it covers, and why it could change in the coming years. 

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    14. 3 Awful Reasons to Take Social Security Benefits at 65

      3 Awful Reasons to Take Social Security Benefits at 65

      If you're not familiar with how Social Security works, you might assume that there's a single age at which eligible recipients have to file for benefits. Not so. You actually get an eight-year window to claim benefits that begins at age 62 and carries through until age 70. (Technically, you're not required to file for benefits at 70, but there's no financial incentive not to.) Smack in the middle of that window is 65, an age often associated with retirement. But here are a few bad reasons to take benefits at that point.

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    1-24 of 156 1 2 3 4 5 6 7 »
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