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Social Security Will Increase Significantly in 2022

2021-10-18T13:38:19-05:00October 18th, 2021|Blog|

Social Security Will Increase Significantly in 2022 By: Stacey Nickens Retirees will see a large increase in their Social Security benefits in 2022. Last week, the Social Security Administration announced that the cost-of-living adjustment will be 5.9% in the upcoming year. However, seniors should keep in mind that benefits are increasing because inflation is increasing. [...]

Retiring This Year? 3 Money Moves To Make Right Now

2021-10-15T11:37:24-05:00October 15th, 2021|Blog|

Retiring This Year? 3 Money Moves To Make Right Now By: Stacey Nickens Congratulations! You have worked hard your entire life, and you are ready to rest and enjoy the fruits of your labor. As a financial advisor, I have loved assisting so many clients in moving into and through retirement. As you get closer [...]

Social Security Benefits Could Increase Significantly in 2022

2021-09-17T11:38:49-05:00September 17th, 2021|Blog|

Social Security Benefits Could Increase Significantly in 2022 By: Stacey Nickens News headlines are rarely optimistic, but seniors may be excited by some headlines projecting a large cost-of-living adjustment for Social Security benefits in 2022. Each year, the Social Security administration calculates a cost-of-living adjustment for Social Security benefits. With inflation and prices on the [...]

Social Security Revamps Their Statement Design

2021-08-23T12:49:48-05:00August 23rd, 2021|Blog|

Social Security Revamps Their Statement Design By: Stacey Nickens Have you recently logged into your Social Security account and noticed some changes in your statement format? Certain Social Security account users who have yet to claim their benefits started receiving redesigned Social Security statements in early May. The new statements are only two, rather than [...]

3 Common Mistakes People Make When Claiming Social Security

2021-07-16T16:22:53-05:00July 16th, 2021|Blog|

3 Common Mistakes People Make When Claiming Social Security By: Margaret Nickens Social Security helps many Americans fund their retirement, but sorting through all of the different claiming strategies and rules can be challenging. Retirees may end up claiming their Social Security benefits too early or claiming in a manner that doesn't best meet their [...]

IRS Begins Issuing Unemployment Income Exclusion Refunds

2021-05-21T10:52:58-05:00May 21st, 2021|Blog|

IRS Begins Issuing Unemployment Income Exclusion Refunds By: Stacey Nickens The IRS announced that they will begin issuing refunds to taxpayers who paid taxes on their 2020 unemployment benefits. The American Rescue Plan Act legislated that up to $10,200 in unemployment compensation per individual could be excluded from taxable income. However, by the time the [...]

Tax Changes Made by the American Rescue Plan Act

2021-03-22T16:30:02-05:00March 22nd, 2021|Blog|

Tax Changes Made by the American Rescue Plan Act By: Stacey Nickens The American Rescue Plan Act was signed into law on March 11, providing for a third round of stimulus to some American families. Taxpayers and their dependents may each be eligible for up to $1,400 in stimulus payments. In addition to these payments, [...]

Tax & Funding Provisions in the Proposed Stimulus Package

2021-02-26T14:39:47-05:00February 26th, 2021|Blog|

Tax & Funding Provisions in the Proposed Stimulus Package By: Stacey Nickens The House is expected to pass a $1.9 trillion coronavirus relief package today, after which the legislation will head to the Senate for approval. Beyond providing additional stimulus, the package includes an increase in the child tax credit, additional funding for small business [...]

Tax Provisions in the New COVID Relief Bill

2020-12-28T17:39:12-05:00December 28th, 2020|Blog|

Tax Provisions in the New COVID Relief Bill By: Stacey Nickens On Sunday evening, President Donald Trump signed a new COVID relief bill into law. The package includes additional fiscal stimulus for certain households, an extension of unemployment benefits, and increased funding for the Paycheck Protection Program. The bill also creates, modifies, or extends a [...]