This Week’s Must Read

Peter Cranis is thinking about spring break and travel. And he has a lot on his mind. Cranis, the executive director of the Space Coast Office of Tourism, is about to be at the center of one of the busiest spring break seasons for travel in recent memory — and maybe ever. His region has […]

Even though tax filing season is well under way, there’s still time to make a regular IRA contribution for 2021. You have until your tax return due date (not including extensions) to contribute up to $6,000 for 2021 ($7,000 if you were age 50 or older on or before December 31, 2021). For most taxpayers,

You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you’ll need to fund your retirement. That’s not as easy as it sounds, because retirement planning is not an exact science. Your specific needs depend on your

Article originally published on: https://www.wolterskluwer.com/ As taxpayers begin to prepare for the opening of filing season, there are a number of new items worth noting in the 2021 Form 1040 (and Form 1040-SR), as well as in the accompanying instructions. 2021 Recovery Rebate Credit The 2021 recovery rebate credit was paid out to eligible individuals as an advance payment (EIP) based

The new year will usher in bigger Social Security checks for many beneficiaries starting this month. That’s as a record 5.9% cost-of-living adjustment, or COLA, takes effect. It marks the biggest annual increase in about 40 years. In 2021, benefits went up by just 1.3%. The average retirement benefit will be about $92 per month

Contributing to an employer-sponsored retirement plan or an IRA is a big step on the road to retirement, but contributing to both can significantly boost your retirement assets. A recent study found that, on average, individuals who owned both a 401(k) and an IRA at some point during the six-year period of the study had

Article originally published on: https://www.inc.com/ Pause your Netflix binge and take an hour of your time to catch up on these money-saving to-do list items. Sometimes, money is like technology. Getting stuff done — whether it’s updating an operating system or moving a bank account — often takes longer than it should. There are some money chores, though, that can be done

Medicare premiums, deductibles, and coinsurance amounts change annually. Here’s a look at some of the costs that will apply in 2022 if you’re enrolled in Original Medicare Part A and Part B. Medicare Part B premiums According to the Centers for Medicare & Medicaid Services (CMS), most people with Medicare who receive Social Security benefits

Skip the unachievable goals and try these actually doable “mini resolutions” instead. If you feel like every New Year’s resolution you’ve come up with in the past has been a bust, you’re not alone. You’ve likely heard the statistics before, but to recap: According to Inc., about 80 percent of people who make New Year’s resolutions have given them

The song is piped through the speakers in our favorite stores all season long. Your kids may sing it endlessly on car rides. It’s “The 12 Days of Christmas.” But where did it come from and, apart from their practicality, would it even be affordable to give all these gifts in 2021? First, let’s talk costs. The