The second in command in the Wisconsin Assembly is defending the new budget deal that will see Republicans vote to spend more ...

Paying off your mortgage before retirement isn't always the best move. Explore seven scenarios where keeping your home loan ...

Saco City Administrator John Bohenko has chosen to step down after serving the community since 2023. He will officially ...

Changes ‘Safety Net’ Programs: Implements new work requirements and more frequent eligibility checks for Medicaid and SNAP, ...

Short-term (zero to one year): Resume the education policy, build an emergency fund, replace your car, and stabilise your ...

Navigating taxes in retirement can be challenging. Your tax situation may differ from your working years due to income and ...

An annuity can provide a steady and reliable stream of income in your retirement years. The three common types have varying rules, benefits, and drawbacks.

Where you live during your golden years can make a measurable -- but likely not life-changing -- difference in your net ...

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's passed by Congress.

Annuities are taxed in two main ways, depending on whether they’re qualified or non-qualified. A qualified annuity is purchased with pre-tax dollars, ...

Withdrawals from “after-tax” annuities apply the “last in first out” or “LIFO” rule. When making an investment into an annuity “first in” is considered the investment or deposit made.

It’s no secret that annuities play a pivotal role in retirement planning, providing a steady income. Despite certain tax advantages, annuity taxation has several intricacies that must be ...