Millions of working Americans have had their payroll taxes deferred starting in September. This is going to end at the end of December (this month). The important thing for everyone is to recognize that this is a deferral, meaning you […]
What’s going on with the Social Security tax deferral?
On August 8, 2020, President Donald Trump issued a Memorandum to the Secretary of the Treasury with the subject of: Deferring Payroll Tax Obligations. This memorandum directed the Secretary of the Treasury to defer withholding Social Security payroll taxes from […]
How are you planning around a military retirement, pension, or social security?
Last week, I wrote about how Roth IRAs are the most powerful retirement accounts. If you’re in the military and saving in an IRA or TSP, or if you will get any pension during retirement (including social security), read this […]