2024 IRMAA: Upcoming Medicare Surcharge Amounts Medicare is a crucial part of healthcare for seniors and those with disabilities, but it’s important to know that Medicare premiums aren’t set in stone. If you’ve heard the...
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Does Maryland Tax Retirement Income? Planning for retirement involves many important considerations, and understanding the tax implications of retirement income is undoubtedly one of them. Taxes can significantly impact the amount of money retirees have...
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Stock Market Crash: Understanding Black Monday “On Black Monday, 36 years from last Friday, the Dow Jones Industrial Average fell about 23% – a stock market crash. If the same percentage drop were to happen...
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Donor Advised Funds – Your Guide No matter how the 2017 Tax Cuts and Jobs Act (TCJA) may alter your tax planning, we’d like to believe one thing will remain the same: Americans will still...
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How much does it cost to buy a house? 10 Hidden Costs Buying a house is exciting – and stressful. When it comes to purchasing your new home, it’s essential to be realistic about what...
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Required Minimum Distribution Rules Retirement is a significant milestone—one that involves careful planning and consideration to ensure your golden years are truly golden. As you embark on this journey, understanding the ins and outs of...
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US Credit Downgrade: What Does It Mean for You? Fitch Ratings’ announcement of the US Credit Downgrade from ‘AAA’ to ‘AA+’ on August 1, 2023, has sent shockwaves across global financial markets. Though not entirely...
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It’s second nature to review your retirement account statements; but fewer give their paycheck the attention it deserves. At RCS Financial Planning we know that the foundation of all good planning is cashflow. The very...
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Planning for health care in early retirement is a crucial component of your overall retirement strategy. If you retire before the age of 65, you won’t be eligible for Medicare, and health care coverage can...
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