Cutter family finance
A true retirement system will ensure that all potential roadblocks have been anticipated before you clock out from work on your last day. If there’s anything we know for sure, it’s that life is uncertain, and we should expect it to throw us a few curve balls from time to time.
The 2022 midterm elections resulted in a change to local taxes that penalize those high earners with a so-called Massachusetts “millionaire tax” that state voters just approved by a margin of about 52% to 48%.
Whether you have an income plan in place or not, the so-called “number” that many Americans are striving for is increasing. In today’s uncertain economy, rising inflation and market volatility are causing many to become more conservative in their estimates.
While some folks have made huge profits investing in crypto, it’s a very volatile and high-risk asset and relying on it to help fund your retirement could be a dangerous move, especially because it isn’t as well regulated as most other investments you can purchase today. This week I’d like to dig into some of the risks you might face if you’re considering a crypto investment.
The IRS has announced that it is adjusting a number of current rules to help us better weather the impact of the current inflation, and this will mean some real tax savings for some taxpayers next year.