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Retirement

Don’t Die Here – Estate tax surprises at state level

By admin
March 24, 2013
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So you think you will avoid federal estate taxes? That may be so, but 21 states and the District of Columbia are also looking to tax your estate, your inheritance, or both. Where you live could make a big difference. Recently passed federal legislation increased the exemption amount before your estate pays taxes on your assets when you die. The amount for 2013 is $5.25 million. This makes most of …Read More

Are My Social Security Benefits Taxable? – Don’t be surprised at tax time

By admin
March 24, 2013
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The taxability of Social Security Benefits can be confusing. In fact the taxable nature of your benefits should include a discussion of benefit reductions when you decide to receive these benefits prior to your full retirement age. Here is what you need to know. When it comes to retirement many Americans believe they can count on their full Social Security benefits as a core element of income. You can imagine …Read More