The team here at Woodside Wealth consists of avid readers with a particular interest in all things finance. When we see a good article, book, blog, or podcast we want to bring it to your attention. The following are some of our favorites – if they spark an idea or question please feel free to contact us.
Did you return all or part of your 2020 RMDs?? Beware of a potential tax trap
The long wait to take distributions from your retirement plan(s) may end sooner than you think.
In 2007, the Education Department enacted an attractive new way to repay student loans once out of college. This new plan is labeled “income-driven repayment plans.” These plans allow for the college graduate to automatically repay their loans each month using 10% of their discretionary income.
During this whirlwind time regarding taxes in the United States, there are many changes which, if enacted in the final version of the tax reform bill, could have a drastic effect on the personal finances of millions of Americans. One such example is how university employees and students attending graduate school will be taxed on a type of benefit they receive called tuition waivers.