Investing In Tomorrow

What you want to look for when you are planning what state would be best for you in retirement. It is very important that you look into what that state’s Income Tax rates and rules are; how they treat your Social Security, Pension and Retirement Incomes; as well as what their sales and property tax [...]

Top 9 States For Retirement Always Keep In Mind: Income Taxes Sales Taxes Property Taxes Estate/Inheritance Taxes Top States: Alaska Wyoming Texas New Hampshire Delaware Georgia Alabama South Carolina Colorado

The other day Peter and I ordered breakfast from McDonalds, and we were saddened by the woman who took our order. She was a sweet old lady about 85 years of age. “Why is this woman still working?” I thought to myself. Perhaps she was bored in retirement, maybe she was lonely or worse yet, [...]

A Traditional IRA is an individual retirement account that allows the individual to make contributions with “pre-tax” dollars, up to a specified annual limit determined by the IRS.  What are the Tax Advantages? Traditional IRA contributions are tax deductible, which means it lowers your taxable income.  The savings in taxes, however, aren’t realized until the [...]

What is a ROTH IRA? A Roth IRA is a special type of individual retirement account that is generally not subject to taxation once age 59 1/2 is reached.  The ROTH IRA is funded with “post-tax dollars” which means that you pay taxes on your income as usual, and then make a contribution into the [...]