Retirement
from24/7 Wall St.
2 days agoThe Hidden 401(k) Tax Bomb Waiting for Anyone Who Retires With Over $1 Million
Surviving spouses face significantly higher tax burdens due to changes in filing status and RMDs after the death of a partner.
FSB's Small Business Index (SBI) for Q3 shows overwhelming pessimism among small firms in the London region, with a headline confidence reading of -46 points. The proportion of small firms in the London region are bracing for contraction, be it downsizing, closure, or a sale, in the next 12 months has risen to 30% per cent.
In Mahoning County, the tax delinquency rate has hit 18%, with more than $70 million in unpaid property taxes. Some neighborhoods in Youngstown are even seeing rates as high as 1 in 3 homeowners behind.