Friday, 5 December, 2025
When Congress passed the SECURE 2.0 Act, it was marketed as a sweeping reform to help Americans save more for retirement. Yet one subtle clause—the new Roth catch-up requirement—has quietly transformed how older, higher-income workers fund their final years of saving. While the law still allows catch-up contributions, it removes […]
In Texas, seniors benefit from a range of tax advantages that can significantly reduce their financial obligations during retirement. Here’s an overview of these benefits: 1. No State Income Tax Texas does not impose a state income tax, which means all forms of retirement income—including Social Security benefits, pensions, and […]
The IRS has recently announced updates to contribution limits for Individual Retirement Accounts (IRAs) and employer-sponsored retirement plans, effective for the 2025 tax years. Here’s a comprehensive overview: IRA Contribution Limits: 2025: The contribution limits remain the same as in 2024: $7,000 for those under 50 and $8,000 for those […]
Maximizing your 401(k) contributions goes beyond just setting aside money on a monthly basis. Strategies such as student loan matching, emergency savings accounts, in-plan annuities, auto asset allocation, and auto escalation can significantly enhance your savings over time. Here’s how each of these strategies could work for someone who starts […]
Retirement is meant to be a time of comfort and financial stability, but many retirees find themselves puzzled when it comes to how their various income sources—such as rental income, pensions, IRA withdrawals, and inheritances—affect their Social Security benefits. If you’re one of the many retirees planning for or living […]