How will the new tax bill affect you personally? We’re learning that some can anticipate tax relief while others will see higher taxes. The managing director of PIMCO, Libby Cantrill, discusses what to expect. The smallest mistakes in tax planning can prove costly. Hayden Adams of Schwab summarizes five missteps you need to avoid. Covid-19 has dispelled some myths of retirement. Living through quarantine is causing Gen X’ers and Boomers to change their retirement plans, as Joseph Coughlin explains.
Will Taxes Rise In The U.S.? — While work has not started in earnest on a tax bill – or on an infrastructure bill that tax changes would likely fund – global investment management firm PIMCO believes taxes will probably increase. However, there are several important caveats. Read more…
The 5 Biggest Little Tax Planning Missteps — “Taxes affect nearly every part of our financial lives,” says Hayden Adams, CPA, CFP®, director of tax and financial planning at the Schwab Center for Financial Research. “It’s no surprise, then, that even seemingly small slip-ups can have a major impact on how much tax you owe, and consequently how much of your income you get to keep.” Read more…
Seven Retirement Surprises Millennials, Gen X’ers & Boomers Learned During Covid-19 — The associated quarantine has turned out to be a full multigenerational simulation of many of the assumptions people of all ages have about their retirement future. Joseph Coughlin of Forbes details seven ideas the pandemic has changed. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller