Dr. Friday explains the Saver's Credit and how it is expected to transition under SECURE 2.0. She notes the benefit is mainly aimed at lower-income savers, especially workers…
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Results for “retirement”
38 results
Archive recordings reflect their original dates; tax rules and deadlines may have changed.
Dr. Friday explains why she is a strong advocate for health savings accounts (HSAs), even though she doesn’t sell insurance. She describes how HSAs can grow and help…
ListenDr. Friday explains that retirement plan contribution limits keep increasing with inflation and highlights catch-up contribution rules. She encourages taxpayers to take advantage of these options as they…
ListenDr. Friday explains a new tax-advantaged savings program that helps parents build retirement savings for children born between 2024 and 2029.
ListenDr. Friday explains the income limits for taking early Social Security in 2024 and the penalties for exceeding them.
ListenDr. Friday highlights retirement savings options for self-employed individuals, including SEP IRAs and their contribution limits.
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Optimize Your Taxes: Adjust Withholdings and Contributions Early
Bookkeeping & payroll
Dr. Friday emphasizes the importance of early adjustments to your W-4, 401(k), or 403(b) to maximize your tax benefits. Starting early in the year allows you to make…
ListenDr. Friday emphasizes the power of early savings with a Roth IRA. A 15-year-old earning $2,000 annually and contributing to a Roth IRA could amass over $700,000 by…
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Organize Your Tax Documents Before January
Dr. Friday offers valuable tips for preparing your tax documents before the New Year. By listing expected documents, such as retirement withdrawals, charitable contributions, or HSA transactions, you…
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Maximize Year-End Tax Savings with Retirement Contributions
Retirement & Social Security
Dr. Friday shares smart strategies to reduce taxes by maximizing contributions to retirement accounts like 401(k)s or IRAs before year-end. She explains the tax benefits of traditional vs.…
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Maximize Retirement Savings with Health Savings Accounts (HSAs)
Health & insurance
For self-employed individuals, HSAs offer a strategic way to reduce taxable income and save for future medical expenses. In 2024, contribution limits are $4,150 for individuals and $8,300…
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How to Strategically Maximize Retirement Contributions and Minimize Taxes
Retirement & Social Security
Wondering how much money to contribute to your retirement from a tax perspective? Dr. Friday shares strategic advice on managing your funds when you inherit an IRA. If…
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