What to Do with a Large Inheritance
If you receive a large inheritance, you may not know immediately what you want to do with it. This kind of gift can be life changing. It could help you erase debts, build a safety net, start a business, start a family, live life on your own terms, help your children with one of their …
Most Changes to Personal Taxes, Retirement Plans Dropped from Build Back Better Act Tax Provisions
By Jamie Hopkins In September, I covered the proposed tax plan released by House Democrats on the House Ways and Means Joint Committee, which would help pay for the $3.5 trillion Build Back Better Act through changes to corporate, personal and other taxes, as well as retirement plans.
Proposed Bill Includes Tax Increases for High Earners, Retirement Account Changes
Last week, Democrats on the House Ways and Means Committee released a draft of their proposed tax plan, which includes changes to corporate, personal and other taxes, as well as retirement plans – though Social Security would be untouched.