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Tag Archives: taxes

Common Money Misconceptions by Senior Citizens

Senior African American couple paying bills

There are two very important misconceptions to point out about finances, taxes, and our later years: 1. Potential taxes on Social Security and 2. Life insurance policies. One misconception by seniors about Social Security is many believe that Social Security isn’t taxable. This unfortunately can be a costly misconception. If …

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Your Tax Return and Your Wealth

Income Tax on Monopoly game board

Since it is tax time, I think this post is appropriate. You can tell a lot about your wealth outside of your retirement fund. First we must understand that in the world of wealth and wealth management, that investment income (earnings) are better than wage. One other thing to understand …

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