Municipal bond funds can provide exemptions from federal and, in some cases, state taxes. Tony DongFeb. 25, 2025 Top T. Rowe Price Funds for Retirement Found in many 401(k) plans, T. Rowe Price funds offer choices for various retirement goals. Kate StalterFeb. 24, 2025 7 Best Vanguard...
Hundreds of teachers in central Kentucky have rallied in front of public schools to protest proposed cuts to their retirement benefits in what could be a precursor to a statewide strike.
Withdrawing from your pension or IRA accounts can have unexpected consequences for your taxes and overall financial health in retirement. Let's take a look. Learn More ›This blog does not provide legal, financial, accounting, or tax advice. The content on this blog is “as is” and carrie...
In addition to withholding federal and state taxes, part of your gross income might also have to contribute to deductions. These are known as “pre-tax deductions” and include contributions to retirement accounts and some health care costs. For example, when you look at your paycheck you might...
There is no easy solution. We can’t simply tax our way out of this problem; changes to the structure of retirement benefits are required. The reality is that failing to act now by making the tough choices and bringing all sides to the table to compromise will mean even tougher choices ...
pension, or profit-sharing plan of a public or private employer for the exclusive benefit of employees or their beneficiaries and includes plans qualified or unqualified under Section 401 of the Internal Revenue Code and individual retirement accounts as defined in Section 408 of the Internal Revenue...
First Ratio – The first ratio, top ratio or housing ratio. Basically, that means out of all the gross monthly income you make, that no more that X percent of it can go to your housing payment. The housing payment consists of Principle, Interest, Taxes and Insurance. ...
City of Somerset Remains Committed to Service While Taking Precautions for COVID-19 Category: Emergency Services Somerset police chief announces retirement Tips for being cold-weather ready Second countywide test of tornado siren system scheduled on New Year’s Eve City, county governments partner to...
The proposal is significantly more generous for the teacher retirement system than what lawmakers are required to do, Rudy said. “That continues to eat up more and more of the General Fund,” he said. House Republicans also proposed withholding about $35 million in each of the next two ...
Kentucky Gov. Matt Bevin signed pension legislation on Wednesday after lawmakers delivered the bill he wanted to relieve regional universities and community social services agencies from crushing retirement costs.