8 Thrift Savings Plan Mistakes: What Not to Do With Your TSP
WEBNov 3, 2022 · 1. You are not contributing at least 5%. If you aren’t putting at least 5% of your income into your TSP, to maximize the matching contributions from your agency, you’re turning down free money ...
Retirement Taxes: How All 50 States Tax Retirees | Kiplinger
WEBJun 14, 2024 · Alabama taxes on retirees. A new law effective last year makes the first $6,000 or distributions from retirement plans (like IRAs and 401(k)s tax-exempt for retirees age 65 and older in Alabama ...
What's the Standard Deduction for 2024 and How Does It Work?
WEBJun 14, 2024 · Your standard deduction is limited when someone else claims you as a dependent on their tax return. For 2024, the limit is $1,300 or your earned income, plus $450, whichever is greater. (For the ...
State-by-State Guide to Taxes on Retirees - Kiplinger
WEBDec 8, 2023 · That’s why Kiplinger created this state-by-state guide to taxes in retirement. The interactive map below highlights the most and least tax-friendly states for retirees. You can also use the map ...
Vanguard Money Market Funds: What You Need to Know
WEBSep 21, 2023 · Vanguard New York Municipal Money Market Fund: Since the Vanguard New York Municipal Money Market Fund (VYFXX) invests in short-term municipal debt, interest earned is tax-exempt at the federal ...
Best High-Yield ETFs To Buy Now - Kiplinger
WEBJun 4, 2024 · Expenses: 0.35%. Perhaps the most unique among the best high-yield ETFs featured on this list is the JPMorgan Equity Premium Income ETF (JEPI, $57.55). This tactical fund is similar in many ways ...
Most-Overlooked Tax Deductions and Credits - Kiplinger
WEBFeb 20, 2024 · The amount of the credit depends on your contribution amount, your filing status, and your adjusted gross income (AGI). If your 2023 AGI exceeds the income thresholds below, you aren’t eligible ...
Calculating Taxes on Social Security Benefits | Kiplinger
WEBJun 12, 2024 · The following tiered system determines the percentage of your benefits that are taxable. If your combined income is under $25,000 (single) or $32,000 (joint filing), there is no tax on your Social ...
Find the Best 30-Year Mortgage Rates - Kiplinger
WEBSep 6, 2024 · 30-year mortgage rates. Currently, the average interest rate for a 30-year fixed mortgage is at 6.35%. Last month, the average rate for 30-year fixed mortgages was higher, at 6.47%. Additionally ...
Best Fidelity Mutual Funds to Buy Now - Kiplinger
WEBApr 15, 2024 · The Fidelity Investment Grade Bond Fund (FBNDX, $6.99) is a great example of this, with one of the firm's oldest and most respected ways to play fixed-income markets. Generally, bonds as an asset ...