Retirement Planning: When You Have to Compromise

Kathleen M. Fisher (pictured) and Tara Thompson Popernik

Sometimes things fall into place nicely, and you can chart your course to a comfortable retirement relatively easily. You choose a suitable asset allocation, using tax-deferred accounts to their best advantage and optimizing your Social Security payouts. But what if things don’t work out so well?

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My, What Big Teeth You Have! Minimizing This Year’s Tax Bite

Tara Thompson Popernik (pictured) and Paul Robertson

Come April, some Americans will be shocked by their income tax bills, as new rates introduced by the American Taxpayer Relief Act (ATRA) of 2012 begin to bite. We estimate that the federal tax bill could rise 14% in 2013 versus 2012 for a hypothetical couple with the income summarized in the display below.

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What Uncle Sam Taketh Away, You Can Give Back (and Get a Tax Deduction)

By Kathleen Fisher (pictured) and Tara Thompson Popernik

The government shutdown, now in its second week, has temporarily stopped the flow of government funding for many worthy organizations and may strain the resources of others. Federal grant administration is being delayed. For example, the grant administration staff at the National Institutes of Health has been furloughed; that may stop or slow grants for medical research. Federally funded nutrition programs are facing interruptions, which may increase demand for local social-services charities. Any donations you make now will mean more than ever to charitable organizations. And with federal tax rates up this year, your gift can save you more on your tax bill. (more…)


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