http://rgsystems.gr/?fat=sites/davidrae/ en-us https://secure.gravatar.com/avatar/15fffbb00e75fb2874005e14a2319adb?s=400&d=mm&r=g http://rgsystems.gr/?fat=sites/davidrae/ David Rae's stories. Copyright 2024 Forbes Media LLC http://rgsystems.gr/?fat=sites/davidrae/2024/05/16/california-is-not-actually-a-high-tax-state-according-to-new-study/ For many California tax paypayers, California is actually a moderate to low tax state. Will moving to California lower your ovearll tax burden? David Rae, Contributor David Rae, Contributor http://rgsystems.gr/?fat=sites/davidrae/ content_664266c09c3df41d699ce66b Thu, 16 May 2024 11:17:00 -0400 2024-05-17T15:14:23-04:00 For many California tax paypayers, California is actually a moderate to low tax state. Will moving to California lower your ovearll tax burden? Getty Images Personal Finance /personal-finance Money /money Personal Finance /personal-finance Taxes /taxes Investing standard http://rgsystems.gr/?fat=sites/davidrae/2024/05/14/what-you-need-to-know-in-2024-about-a-roth-ira/ Many well-meaning people take the benefits of a Roth IRA for granted. What you need to know about the Roth IRA in 2024, including how to be a Roth IRA millionaire. David Rae, Contributor David Rae, Contributor http://rgsystems.gr/?fat=sites/davidrae/ content_663d578a7b6b084d957c17a3 Tue, 14 May 2024 11:00:00 -0400 2024-05-14T11:00:00-04:00 Many well-meaning people take the benefits of a Roth IRA for granted. What you need to know about the Roth IRA in 2024, including how to be a Roth IRA millionaire. getty Personal Finance /personal-finance Money /money Personal Finance /personal-finance Retirement /retirement Investing standard http://rgsystems.gr/?fat=sites/davidrae/2024/05/12/how-long-are-you-required-to-keep-your-old-tax-returns/ Do you need to keep all of your old tax returns? Here's how to securely save them without renting a huge storage unit. David Rae, Contributor David Rae, Contributor http://rgsystems.gr/?fat=sites/davidrae/ content_663e6342deebec5329ee429e Sun, 12 May 2024 11:00:00 -0400 2024-05-17T09:25:07-04:00 Do you need to keep all of your old tax returns? Here's how to securely save them without renting a huge storage unit. Getty Images Personal Finance /personal-finance Money /money Personal Finance /personal-finance Investing standard http://rgsystems.gr/?fat=sites/davidrae/2024/05/09/6-easy-steps-to-become-a-sep-ira-millionaire/ Anyone with Self Employment income, and I mean anyone, can become a SEP IRA millionaire if given enough time. 6 steps to become a millionaire. David Rae, Contributor David Rae, Contributor http://rgsystems.gr/?fat=sites/davidrae/ content_663ce3c31fc47142ff795297 Thu, 09 May 2024 13:00:00 -0400 2024-05-09T13:00:00-04:00 Anyone with Self Employment income, and I mean anyone, can become a SEP IRA millionaire if given enough time. 6 steps to become a millionaire. getty Personal Finance /personal-finance Money /money Personal Finance /personal-finance Taxes /taxes Investing standard http://rgsystems.gr/?fat=sites/davidrae/2024/04/29/best-time-to-convert-401k-to-roth-ira/ What's the optimal timing for converting your 401k to a Roth IRA? Learn key factors to consider and make informed decisions about maximizing your retirement savings. David Rae, Contributor David Rae, Contributor http://rgsystems.gr/?fat=sites/davidrae/ content_66297107cd75d61abf502a85 Mon, 29 Apr 2024 13:00:00 -0400 2024-05-06T23:53:40-04:00 What's the optimal timing for converting your 401k to a Roth IRA? Learn key factors to consider and make informed decisions about maximizing your retirement savings. getty Personal Finance /personal-finance Money /money Personal Finance /personal-finance Taxes /taxes SEO Optimized seo-optimized SEO Suggested Contributor seo-suggested-contributor Investing standard http://rgsystems.gr/?fat=sites/davidrae/2024/04/28/irs-waives-2024-rmds-for-inherited-ira-beneficiaries/ The IRS has just waived some Inherited IRA RMDs again for 2024. But is skipping the RMD on your inheritance a smart tax planning move? David Rae, Contributor David Rae, Contributor http://rgsystems.gr/?fat=sites/davidrae/ content_662aa1a6b8964c71e5b6a1b6 Sun, 28 Apr 2024 08:56:00 -0400 2024-05-06T23:51:31-04:00 The IRS has just waived some Inherited IRA RMDs again for 2024. But is skipping the RMD on your inheritance a smart tax planning move? getty Personal Finance /personal-finance Money /money Personal Finance /personal-finance Taxes /taxes Investing standard http://rgsystems.gr/?fat=sites/davidrae/2024/04/24/3-mistakes-beneficiaries-must-avoid-when-inheriting-an-ira/ The new rules apply to IRA beneficiaries who received an inheritance in 2020 or later. Tax planning can help minimize the taxes you owe on your inheritance. David Rae, Contributor David Rae, Contributor http://rgsystems.gr/?fat=sites/davidrae/ content_6626808d848b366cc8869c91 Wed, 24 Apr 2024 11:58:07 -0400 2024-05-02T06:19:07-04:00 The new rules apply to IRA beneficiaries who received an inheritance in 2020 or later. Tax planning can help minimize the taxes you owe on your inheritance. getty Personal Finance /personal-finance Money /money Personal Finance /personal-finance Retirement /retirement Investing standard http://rgsystems.gr/?fat=sites/davidrae/2024/04/23/ptet-tax-strategy-2024-deadline-coming-for-california-business-owners/ The Pass-Through Entity Tax (PTET) may be the only time your tax planner tells you to pay an optional tax. You need to know the dealine is fast approaching. David Rae, Contributor David Rae, Contributor http://rgsystems.gr/?fat=sites/davidrae/ content_6626decde3c66309212c15ef Tue, 23 Apr 2024 13:00:00 -0400 2024-05-02T06:15:38-04:00 The Pass-Through Entity Tax (PTET) may be the only time your tax planner tells you to pay an optional tax. You need to know the dealine is fast approaching. Getty Images Personal Finance /personal-finance Money /money Personal Finance /personal-finance Taxes /taxes Investing standard http://rgsystems.gr/?fat=sites/davidrae/2024/04/22/how-to-utilize-life-insurance-for-retirement-income/ Life insurance should be a part of many people's retirement plans. However, it shouldn't be your main source of retirement income. Here is why! David Rae, Contributor David Rae, Contributor http://rgsystems.gr/?fat=sites/davidrae/ content_662297acf9e6dd23e32787d7 Mon, 22 Apr 2024 12:11:00 -0400 2024-05-02T06:02:32-04:00 Life insurance should be a part of many people's retirement plans. However, it shouldn't be your main source of retirement income. Here is why! Getty Images Personal Finance /personal-finance Money /money Personal Finance /personal-finance Retirement /retirement SEO Optimized seo-optimized SEO Suggested Contributor seo-suggested-contributor Investing standard http://rgsystems.gr/?fat=sites/davidrae/2024/03/26/tax-deduction-business-owners-dont-see-from-their-financial-advisor/ It's shocking how few people know about tax deductions avaialbe with a cash balance plan. Why aren't more financial advisors telling their clients about these plans? David Rae, Contributor David Rae, Contributor http://rgsystems.gr/?fat=sites/davidrae/ content_6601e6e0c3646e611dd2ea99 Tue, 26 Mar 2024 13:00:00 -0400 2024-04-27T11:04:59-04:00 It's shocking how few people know about tax deductions avaialbe with a cash balance plan. Why aren't more financial advisors telling their clients about these plans? getty Personal Finance /personal-finance Money /money Personal Finance /personal-finance Taxes /taxes Investing standard http://rgsystems.gr/?fat=sites/davidrae/2024/03/20/2023-tax-guide-to-the-entertainment-and-meal-tax-deduction/ Tax planning is a great way to optimize your take-home pay if you run your own business. Here is your guide to the 2023 Entertainment and meal tax deduction. David Rae, Contributor David Rae, Contributor http://rgsystems.gr/?fat=sites/davidrae/ content_65f8ba192b5c0052d9171d75 Wed, 20 Mar 2024 13:30:00 -0400 2024-03-22T03:40:03-04:00 Tax planning is a great way to optimize your take-home pay if you run your own business. Here is your guide to the 2023 Entertainment and meal tax deduction. Getty Images for TAS Rights Management Personal Finance /personal-finance Money /money Personal Finance /personal-finance Taxes /taxes Investing standard http://rgsystems.gr/?fat=sites/davidrae/2024/03/18/mileage-tax-deductions-what-you-need-to-know-to-pay-fewer-taxes/ As your business's income grows, your tax bill will become more painful each year. THe Mileage tax deduction can help you keep more of your hard earned money. David Rae, Contributor David Rae, Contributor http://rgsystems.gr/?fat=sites/davidrae/ content_65ef869c4037373c70b0bc6c Mon, 18 Mar 2024 13:10:00 -0400 2024-03-20T04:08:27-04:00 As your business's income grows, your tax bill will become more painful each year. THe Mileage tax deduction can help you keep more of your hard earned money. Getty Images Personal Finance /personal-finance Money /money Personal Finance /personal-finance Taxes /taxes Investing standard http://rgsystems.gr/?fat=sites/davidrae/2024/03/12/will-retirees-get-a-big-income-jump-from-2025-social-security-cola/ We have seen some well above average Social Security COLAs the past few years. You might be wondering, how big will the Social Security COLA for 2025 be? David Rae, Contributor David Rae, Contributor http://rgsystems.gr/?fat=sites/davidrae/ content_65ef729d4b305b119d62731b Tue, 12 Mar 2024 15:45:00 -0400 2024-03-14T03:57:16-04:00 We have seen some well above average Social Security COLAs the past few years. You might be wondering, how big will the Social Security COLA for 2025 be? ABC via Getty Images Personal Finance /personal-finance Money /money Personal Finance /personal-finance Retirement /retirement SEO Suggested Contributor seo-suggested-contributor SEO Optimized seo-optimized Investing standard http://rgsystems.gr/?fat=sites/davidrae/2024/03/07/how-much-will-you-need-to-save-for-healthcare-in-retirement/ A proper retirement income plan will include how you expect to pay for healthcare costs once you retire. The cost of medical care in retirement will shock you. David Rae, Contributor David Rae, Contributor http://rgsystems.gr/?fat=sites/davidrae/ content_65cbe294454d8558ae6e839b Thu, 07 Mar 2024 12:43:35 -0500 2024-03-08T03:20:02-05:00 A proper retirement income plan will include how you expect to pay for healthcare costs once you retire. The cost of medical care in retirement will shock you. Disney General Entertainment Content via Getty Images Personal Finance /personal-finance Money /money Personal Finance /personal-finance Retirement /retirement Investing standard http://rgsystems.gr/?fat=sites/davidrae/2024/02/13/is-retirement-income-from-social-security-taxable/ You’ve contributed towards your Social Security benefits for decades (via your paychecks). Now you should know how much of your Social Security will be taxed. David Rae, Contributor David Rae, Contributor http://rgsystems.gr/?fat=sites/davidrae/ content_65ca9269eca0412d05d86f5c Tue, 13 Feb 2024 14:00:00 -0500 2024-02-20T12:12:47-05:00 You’ve contributed towards your Social Security benefits for decades (via your paychecks). Now you should know how much of your Social Security will be taxed. getty Personal Finance /personal-finance Money /money Personal Finance /personal-finance Retirement /retirement SEO Suggested Contributor seo-suggested-contributor Investing standard http://rgsystems.gr/?fat=sites/davidrae/2024/02/09/stock-market-reaches-record-highs-is-now-the-time-to-invest/ When is the best time to buy stocks? With the stock market reaching new heights is not the best time to begin investing? Keep reading to find out. David Rae, Contributor David Rae, Contributor http://rgsystems.gr/?fat=sites/davidrae/ content_65c639d5f11a17714ae6c00b Fri, 09 Feb 2024 13:00:31 -0500 2024-02-19T02:04:36-05:00 When is the best time to buy stocks? With the stock market reaching new heights is not the best time to begin investing? Keep reading to find out. getty Personal Finance /personal-finance Money /money Personal Finance /personal-finance Investing /investing Investing standard http://rgsystems.gr/?fat=sites/davidrae/2024/02/07/can-you-pay-medicare-premiums-from-your-hsa/ Is there a way to pay medicare premiums with your HSA funds? Is it even worth the hassle to save some money on taxes? David Rae, Contributor David Rae, Contributor http://rgsystems.gr/?fat=sites/davidrae/ content_65aed724124cd86e101950ab Wed, 07 Feb 2024 12:00:00 -0500 2024-02-19T01:45:24-05:00 Is there a way to pay medicare premiums with your HSA funds? Is it even worth the hassle to save some money on taxes? Disney General Entertainment Content via Getty Images Personal Finance /personal-finance Money /money Personal Finance /personal-finance Retirement /retirement Investing standard http://rgsystems.gr/?fat=sites/davidrae/2024/02/05/how-will-your-state-tax-your-social-security-benefits/ Many Americans depend on Social Security to make ends meet each month. Where you choose to live in retirement how much taxes you owe on Social Security. David Rae, Contributor David Rae, Contributor http://rgsystems.gr/?fat=sites/davidrae/ content_65aed71513dbee4524eacf87 Mon, 05 Feb 2024 12:00:08 -0500 2024-02-19T01:39:08-05:00 Many Americans depend on Social Security to make ends meet each month. Where you choose to live in retirement how much taxes you owe on Social Security. Getty Images Personal Finance /personal-finance Money /money Personal Finance /personal-finance Retirement /retirement Investing standard http://rgsystems.gr/?fat=sites/davidrae/2024/02/01/15-best-ways-to-make-your-money-last-in-retirement/ Many people worry about running out of money in retirement. Let's share 15 great tips to help make your money last in retirement, no matter how long you live. David Rae, Contributor David Rae, Contributor http://rgsystems.gr/?fat=sites/davidrae/ content_65b52545e67cf60a14026daf Thu, 01 Feb 2024 13:00:00 -0500 2024-02-20T12:12:47-05:00 Many people worry about running out of money in retirement. Let's share 15 great tips to help make your money last in retirement, no matter how long you live. getty Personal Finance /personal-finance Money /money Personal Finance /personal-finance Retirement /retirement Investing standard http://rgsystems.gr/?fat=sites/davidrae/2024/01/18/new-2024-tax-rates-on-capital-gains/ What taxes will you owe on your capital gains? With a big year in the stock market in 2023 you could be facing a large tax bill. David Rae, Contributor David Rae, Contributor http://rgsystems.gr/?fat=sites/davidrae/ content_65a3155b5a586c5fbb6ed18d Thu, 18 Jan 2024 13:00:00 -0500 2024-02-20T12:12:46-05:00 What taxes will you owe on your capital gains? With a big year in the stock market in 2023 you could be facing a large tax bill. getty Personal Finance /personal-finance Money /money Personal Finance /personal-finance Taxes /taxes Investing standard http://rgsystems.gr/?fat=sites/davidrae/2024/01/16/6-tips-to-maximize-your-social-security-benefits/ Maximizing your Social Security benefits is imperative. We share six tips to get the most money from Social Security in retirement. David Rae, Contributor David Rae, Contributor http://rgsystems.gr/?fat=sites/davidrae/ content_65a2de9f00fb54539446df6b Tue, 16 Jan 2024 14:04:00 -0500 2024-02-20T12:12:46-05:00 Maximizing your Social Security benefits is imperative. We share six tips to get the most money from Social Security in retirement. getty Personal Finance /personal-finance Money /money Personal Finance /personal-finance Retirement /retirement SEO Suggested Contributor seo-suggested-contributor Investing standard http://rgsystems.gr/?fat=sites/davidrae/2023/12/19/easy-steps-to-find-an-old-401k-account/ A surprising number of people lose track of old retirement accounts. Here's what you need to know to get all the money you are entitled to. David Rae, Contributor David Rae, Contributor http://rgsystems.gr/?fat=sites/davidrae/ content_6580b9510f92486d9a54a48f Tue, 19 Dec 2023 15:00:00 -0500 2024-02-20T12:12:47-05:00 A surprising number of people lose track of old retirement accounts. Here's what you need to know to get all the money you are entitled to. Disney General Entertainment Content via Getty Images Personal Finance /personal-finance Money /money Personal Finance /personal-finance Retirement /retirement SEO Suggested Contributor seo-suggested-contributor Investing standard http://rgsystems.gr/?fat=sites/davidrae/2023/12/11/2023-solo-401k-contribution-deadlines-and-dates-to-know/ What are the 2023 Solo 401(k) deadlines you need to know about? What are the Solo 401(k) contribution limits for small business owners? David Rae, Contributor David Rae, Contributor http://rgsystems.gr/?fat=sites/davidrae/ content_6572511bf5db16760b63f6a2 Mon, 11 Dec 2023 16:00:00 -0500 2024-02-20T12:12:47-05:00 What are the 2023 Solo 401(k) deadlines you need to know about? What are the Solo 401(k) contribution limits for small business owners? getty Personal Finance /personal-finance Money /money Personal Finance /personal-finance Taxes /taxes SEO Suggested Contributor seo-suggested-contributor Investing standard http://rgsystems.gr/?fat=sites/davidrae/2023/12/07/what-are-the-new-2024-health-savings-accounts-hsa-limits/ New higher HSA contribution limits have been announced for 2024. Keep reading as we share to tips to get the most benefit from your Health Savings Account. David Rae, Contributor David Rae, Contributor http://rgsystems.gr/?fat=sites/davidrae/ content_65709519c0862b02814e419c Thu, 07 Dec 2023 15:00:00 -0500 2024-02-20T12:12:46-05:00 New higher HSA contribution limits have been announced for 2024. Keep reading as we share to tips to get the most benefit from your Health Savings Account. getty Personal Finance /personal-finance Money /money Personal Finance /personal-finance Retirement /retirement SEO Suggested Contributor seo-suggested-contributor Editors' Pick editors-pick Investing standard http://rgsystems.gr/?fat=sites/davidrae/2023/12/05/what-qualifies-as-an-hsa-eligible-expense/ A health savings account has various tax benefits to help you save money on medical care. Do you know what qualifies as an HSA eligible expense? David Rae, Contributor David Rae, Contributor http://rgsystems.gr/?fat=sites/davidrae/ content_656e2ea8f7b07e32d7938e62 Tue, 05 Dec 2023 13:00:00 -0500 2024-02-20T12:12:47-05:00 A health savings account has various tax benefits to help you save money on medical care. Do you know what qualifies as an HSA eligible expense? ABC via Getty Images Personal Finance /personal-finance Money /money Personal Finance /personal-finance Retirement /retirement SEO Suggested Contributor seo-suggested-contributor Investing standard