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Useful Information from 2022 Webinars- Part 2

Money Talk

As I noted in a previous post , I periodically summarize notes taken from various webinars that I think might be useful to others. Tax Planning - Until 12/31/25, taxes are “on sale.” Nobody has a crystal ball, but we know that tax rates will rise starting in 2026 when the Tax Cuts and Jobs Act expires.

Finance 246
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Ten Tax Planning Tips for 2022

Money Talk

Now that 2021 income tax season has been over for a month and the dust has settled, it is time to start some serious tax planning for 2022. Planning now provides seven months to take action and/or implement changes to avoid a stressful “tax scramble” at the end of the year. assets that are taxed in different ways).

Taxes 263
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Useful Information from Recent Webinars- Part 1

Money Talk

Every so often, I review my personal “learning journal” and summarize notes taken from various webinars. Taxes in Retirement - Tools for tax control in later life (read: to avoid being clobbered by taxes on RMDs- required minimum distributions) include charitable giving, Roth conversions, and tax diversification (i.e.,

Banking 246
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Retirement and Taxes: "To" and "Through" Planning

Money Talk

If you picture retirement planning and taxes as a Venn Diagram, there is lots of overlap between these two areas of personal finance. This is true both during one’s working years (when taxpayers are saving for retirement) and later, when people are older and withdrawing taxable income from tax-deferred accounts.

Taxes 188
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Can Farmers Ever Afford to Retire?

Money Talk

In addition to writing monthly Small Steps to Health and Wealth™ financial messages , I also present online webinars and class segments. Off-Farm Job Employer Benefits - These include a defined benefit pension, an employer retirement savings plan (e.g., health insurance). barn, silo, riding arena), farm equipment (e.g.,

401(k) 246
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Key Take-Aways About Social Security From a Webinar

Money Talk

I recently attended a webinar about Social Security retirement and survivor benefits by OneOp with an emphasis on retirement and survivor benefits. Total FICA tax is 15.3% The 7.65% tax is divided: 6.2% quarters of coverage) when they work and pay FICA tax. is for Social Security and 1.45% for Medicare.

Taxes 135
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Financial and Lifestyle Insights- Part 3

Money Talk

In this post, I continue my discussion of tips from webinars, podcasts, and virtual conferences that I heard during the last quarter of 2021. For example, workers with a guaranteed pension and/or a high investment risk tolerance might want to have more stock exposure in a TDF and would chose a target date farther off in the future.