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Retirement


It’s a question that’s on the minds of many of our clients. When is the best time to begin collecting Social Security benefits?  While the question may be common, the answer is a highly individualized one that depends on each person’s circumstances. In this blog post, we’ll take a look at several key factors involved with[…]

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Whether or not your pension is taxed depends on the type of pension—years of service or disability—and the type of tax—federal, state, or social security. The Federal Government and Military Retirement Pay If you’ve spent twenty or more years in military service, you’re entitled to a military pension upon retirement. The federal government considers this[…]

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The customary advice about cashing out your retirement plan early is: don’t. There are very few situations that would make it financially worthwhile. A standard IRA or 401(k) provides before-tax contributions and tax-free compounding, deferring taxes to retirement. A Roth IRA, although contributed to with after-tax dollars, provides for tax-free compounding and tax-free distributions in[…]

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