The standard deduction for single seniors in 2021 is $1,700 higher than the deduction for taxpayer younger than 65 who file as single or head of household. If you are Married Filing Jointly and you or your spouse is 65 or older, your standard deduction increases by $1,350 each. What […]
South Dakota does not have state or local capital gains taxes. The Combined Rate accounts for the Federal capital gains rate, the 3.8 percent Surtax on capital gains, and the marginal effect of Pease Limitations on itemized deductions, which increases the tax rate by 1.18 percent. How much is capital […]
Daily high temperatures are around 84°F, rarely falling below 75°F or exceeding 94°F. The highest daily average high temperature is 85°F on July 19. Daily low temperatures are around 64°F, rarely falling below 54°F or exceeding 73°F. How hot is Mt Rushmore in July? Weather in July July is a […]
Employers of most pension plans are required to withhold a mandatory 20% of your lump sum retirement distribution when you leave their company. However, you can avoid this tax hit if you make a direct rollover of those funds to an IRA rollover account or another similar qualified plan. Do […]
Benefits are only designed to replace 40% of preretirement income. The single biggest reason you can’t live on Social Security alone is that you aren’t meant to. See, there’s a Social Security benefits formula that determines the amount of money you’ll receive. Can you live just on Social Security? With […]
Ready to start searching for a new place to enjoy your golden years? Keep reading to discover 13 cities where you can retire on $2,000 per month. Lincoln, Nebraska. Des Moines, Iowa. Greensboro, North Carolina. Oklahoma City. Corpus Christi, Texas. Indianapolis. Columbus, Ohio. Cincinnati. Where is the cheapest place in […]
The average retirement nest egg varies depending on age and location (along with lifestyle factors). It’s estimated that as of 2018, the average American has roughly $95,000 put away. It’s important to remember that a nest egg is meant to provide for your needs throughout your retirement. How much does […]
Generally, property taxes in Minnesota are administered at the county level. The Minnesota Department of Revenue provides resources relating to property tax and property tax administration. While counties administer most property taxes in Minnesota, the state does administer some types. Does Minnesota have personal property tax on vehicles? The tax […]
59 ½ years old. After you become 59 ½ years old, you can take your money out without needing to pay an early withdrawal penalty. You can choose a traditional or a Roth 401(k) plan. Traditional 401(k)s offer tax-deferred savings, but you’ll still have to pay taxes when you take […]
If you’re wondering what’s a normal amount of retirement savings, you’re probably one of the 64% of Americans who either don’t think their savings are on track or aren’t sure, according to the Federal Reserve’s “Report on the Economic Well-Being of U.S. Households in 2020.” Among all adults, median retirement […]
Walnut Creek, California. Monthly expenditures: $3,076. Palm Beach Gardens, Florida. Monthly expenditures: $3,048. Aventura, Florida. Monthly expenditures: $2,901. Boca Raton, Florida. Monthly expenditures: $2,850. Beachwood, Ohio. Monthly expenditures: $2,628. Delray Beach, Florida. Naples, Florida. Palm Harbor, Florida. What is the cheapest place to retire to? The Cheapest Countries Where You […]
The short answer is yes. Retirees who begin collecting Social Security at 62 instead of at the full retirement age (67 for those born in 1960 or later) can expect their monthly benefits to be 30% lower. So, delaying claiming until 67 will result in a larger monthly check. When […]
Sioux Falls has a 2020 population of 193,978. Sioux Falls is currently growing at a rate of 1.78% annually and its population has increased by 25.53% since the most recent census, which recorded a population of 154,533 in 2010. Is Sioux Falls South Dakota growing? The City of Sioux Falls […]
June 17, 2021, at 10:25 a.m. RAPID CITY, S.D. (AP) — Another earthquake has been recorded in South Dakota, the fifth since December. According to the United States Geological Survey, a 2.6 magnitude quake was recorded about 6:30 a.m. Wednesday with the epicenter about 60 miles east of Rapid City. […]
The nine non-title holding states are Michigan, Minnesota, New York, Arizona, Kentucky, Oklahoma, Wisconsin, Maryland, and South Dakota. In these states, even if you’re financing, the title is sent to you after you take delivery of the vehicle and you typically get it within two to six weeks. Does South […]