Lena Borrelli
Your story with our words #lenaborrelli #freelancewriter
Articles
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1 week ago |
lifestyle.countrylegends1059.com | Lena Borrelli
Understanding what counts as taxable income and what does not can significantly impact your financial planning and tax obligations. The IRS has specific guidelines about examples of taxable and nontaxable income that every taxpayer should know. While most money you earn is subject to taxation — like wages, salaries, bonuses and business profits — there are surprising exceptions that could save you money when tax season arrives.
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1 week ago |
erienewsnow.com | Lena Borrelli
Understanding what counts as taxable income and what does not can significantly impact your financial planning and tax obligations. The IRS has specific guidelines about examples of taxable and nontaxable income that every taxpayer should know. While most money you earn is subject to taxation — like wages, salaries, bonuses and business profits — there are surprising exceptions that could save you money when tax season arrives.
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1 week ago |
erienewsnow.com | Lena Borrelli
For retirement savers preparing for required minimum distributions (RMDs), recent legislation has brought significant changes to the timeline. The SECURE Act of 2019 initially raised the RMD age from 70½ to 72. This gave retirees more time before mandatory withdrawals begin. Then, the SECURE 2.0 Act of 2022 introduced further adjustments. It increased the age to 73 starting in 2023, with plans to raise it to 75 in the coming years. These changes are in response to Americans living and working longer.
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2 weeks ago |
finder.com | Lena Borrelli |Matt Miczulski
Since ancient civilizations, precious metals have long been used as currency and a store of value. These metals find value in their rarity and are used in several industries today. Copper, for example, is used for everything from electrical and plumbing to construction and transportation, thanks to its thermal and electrical conductivity.
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3 weeks ago |
erienewsnow.com | Lena Borrelli
When you participate in a 401(k) plan, both your contributions and your employer’s contributions can help you build retirement savings. However, not all the money in your account may fully belong to you right away. Employer contributions typically follow a vesting schedule, meaning you earn the right to keep those funds over time. If you leave your job before becoming fully vested, you might forfeit some or all of the employer contributions made on your behalf.
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