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Should You Take a Lump-Sum Distribution from an Inherited Qualified Plan?
Cons of Taking a Lump-Sum DistributionTax Consequences of Lump-Sum DistributionsAlternative Distribution OptionsConclusionReferences Inheriting a qualified retirement plan, such as a 401(k) or a traditional IRA, can be both a financial opportunity and a challenge....
The Basics of Inherited Qualified Plan Distributions: What Beneficiaries Need to Know
What is a Qualified Plan?Definition of Qualified PlansImportance of Understanding Inherited Qualified PlansRules for Inherited Qualified Plan DistributionsImpact of the SECURE ActTax Implications of Inherited Qualified PlansOptions for Different Types of...
Preventing Tax Identity Theft: Tips for 2025 Filers
Understanding Tax Identity TheftWhat Is Tax Identity Theft?Common Warning SignsSteps to Protect Yourself in 20251. Safeguard Your Personal Information2. File Your Taxes Early3. Use Strong Cybersecurity MeasuresSecurely Filing Your Tax Return4. Choose Trusted Tax...
Is It Time to Adjust Your 401(k) Contribution for 2025?
Understanding the New 401(k) Contribution Limits for 2025Why Should You Adjust Your Contributions?How Other Retirement Accounts Factor Into Your StrategyDiversifying Retirement AccountsTiming Your Contribution AdjustmentsHow Retirement Contributions Fit Into Your...
How the 2025 Social Security COLA Will Impact Your Benefits
Understanding COLA and Its CalculationThe Details of the 2025 COLAHow Does the 2025 COLA Compare Historically?Who Benefits Most from the 2025 COLA?Challenges and LimitationsMaximizing the Impact of COLAConclusionReferences The Social Security cost-of-living adjustment...
Tax Scams on Social Media: How to Stay Safe Online
The Rise of Tax Scams on Social MediaCommon Social Media Tactics Used by ScammersHow to Identify Tax Scams on Social MediaSteps to Stay Safe on Social MediaThe Role of Legal Guidance in Tax-Related MattersTrusted Resources for Staying SafeConclusionReferences In...
Understanding Maryland Estate Tax Exemption for 2025
Understanding Maryland Estate Tax Exemption for 2025What Is the Maryland Estate Tax?Key Features of the Maryland Estate TaxWhat Is Portability?Planning Strategies to Maximize the Maryland Estate Tax ExemptionMaryland Inheritance Tax: A Related ConsiderationFederal and...
What to Do If Your Bank Account is Compromised: A Legal Guide
Recognizing the Signs of a Compromised Bank AccountWhat Causes Bank Account Compromises?Immediate Steps to Take When Your Bank Account is CompromisedReporting Fraud to AuthoritiesLegal Rights and ProtectionsPreventative Measures to Secure Your...
Retirement Planning with the 2025 Social Security Adjustments
Understanding the 2025 Social Security AdjustmentsKey ChangesWho Is Affected?How These Adjustments Affect Your Retirement PlanningIntegrating Social Security with Other Retirement StrategiesCommon Mistakes to AvoidNext Steps for Securing Your...
Investment Scams and Bank Accounts: How to Protect Your Assets
Understanding Investment ScamsWhat Are Investment Scams?How Scammers OperateSigns of an Investment ScamHow Investment Scams Impact Your Bank AccountHow to Protect Your AssetsReporting Investment ScamsStaying InformedResources for Fraud PreventionConclusionReferences...