The 7 Things to Do Before the End of the Year When it Comes to Your Taxes

Yearend planning is challenging in 2021, with tax law changes possible. No matter what happens by December 31, these steps are likely to pay off:
[ ] Fill up your tax bracket. Some tax rates are low now. For instance, married couples filing joint returns can have up to $80,800 in taxable income, after deductions, and owe 0% tax on long-term capital gains, so you might want to sell some appreciated stocks.

Social Security’s Rules on Spousal Benefits Can Be Tricky. Here Are Some Answers.

Navigating the maze of rules that surround Social Security retirement benefits can be daunting. A good starting point for retirees and prospective retirees seeking to better understand and maximize their retirement benefits is with the numerous resources offered on the Social Security Administration’s website.

Still, after our recent article on how to maximize benefits, readers continue to have questions on tapping spousal benefits.

9/11 Remembered, 20 Years Later

I truly believe that a financial plan without proper life insurance at the foundation is just a hope or wish but that is not a plan. It’s a type of risk that we don’t talk about often enough. It’s uncomfortable, but preparing for the unthinkable is necessary and our responsibility as a trusted advisor.

OneTeam Financial, LLC: A One-Stop Shop for Financial Guidance and Retirement Planning

For most Americans, social security retirement benefits typically represent 30 to 60% of their retirement income. Yet according to the National Social Security Association, LLC, over 90% of social security recipients receive less money than they are entitled to receive. For many filers, this can represent tens of thousands of dollars in lost retirement benefits.