Federal Government Giving Billions to Assist With Funerals for Those Who Die of COVID
The COVID-19 pandemic has taken the lives of nearly 1 million people in the United States over the past two years. The heartache and pain of their loss will endure, but the federal government is attempting to ease some of the financial burdens on the families and loved ones the deceased left behind. The Federal Emergency Management Agency (FEMA) recently announced it had given more than $2 billion to eligible families to cover the expense of funerals for those who have died f
Is My Retirement Income Taxable? A Guide to Paying Taxes in Retirement
Do you have to pay taxes when you retire? The short answer is yes, but the longer answer is that they will differ quite a bit from those you’re used to paying. Your taxable income adjusts when you no longer draw a check from your employer. The biggest difference, of course, is that you don’t have to contribute payroll taxes (or self-employment taxes if you worked for yourself). These are the taxes employers withhold on your behalf for the federal government, also referred to
