Tag Archives: Income

IRS audits are on the rise: Your chances are now double if you’re in this income range

By Sam Becker       June 06, 2022   Uncle Sam is feeling invigorated! After several years of taking a relatively lax approach to auditing wealthy taxpayers, the Internal Revenue Service (IRS) has evidently turned a new leaf under the Biden administration. As such, it’s stepping up enforcement, and has doubled audit rates for … Continue reading IRS audits are on the rise: Your chances are now double if you’re in this income range

Wales is piloting $2,100-per-month guaranteed income for former foster youth

By Talib Visram   February 19, 2022   In Wales, more than 7,000 children rely on government-assisted care—whether placed in public care facilities or with foster parents, which is the case for the majority. In fact, Wales has the U.K.’s highest rate of “looked-after children”—the term used in Britain for kids in any type of … Continue reading Wales is piloting $2,100-per-month guaranteed income for former foster youth

Post Pandemic Retirement Income Sources

Deanna Ritchie December 8, 2021 Knowing your steady sources of income, from Social Security to a company-sponsored retirement savings plan like a 401(k), is wise. Post-Pandemic Retirement Income Sources Social Security will be a critical—and significant—source of retirement income for many people. Like real estate, Social Security benefits, unlike most other forms of retirement income, … Continue reading Post Pandemic Retirement Income Sources

Income Annuities Can Transform Retirement Savings Into Income

Deanna Ritchie November 4, 2021 Do you have enough money to retire? Are you guaranteed enough to last for the rest of your life? Are you concerned that you’ll run out of income before the end of your life? Social Security contributions are around 40% of an average wage earner’s pre-retirement earnings. If, like the … Continue reading Income Annuities Can Transform Retirement Savings Into Income

How to Maximize Your Retirement Income: A Guide For Non-Financial Professionals

Kate Underwood July 21, 2021 Growing older comes with enough struggles — from physical aches and pains to the frequent changes in our everyday lives. However, we can make things better with strategies to maximize retirement income. How to Maximize Your Retirement Income Retirement planning can be a challenge. After all, it’s not as if … Continue reading How to Maximize Your Retirement Income: A Guide For Non-Financial Professionals