Making Your Tax Bracket Work
Have you explored all your options when it comes to managing your taxable income?
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During the COVID-19 pandemic, millions of people have learned to do more with less. Whether you’ve had to bounce back from job loss or spent weeks bouncing off the walls in quarantine, the pandemic experience included valuable lessons about saving money — and better using our savings to protect ourselves and our loved ones. As we approach a post-pandemic reality, these lessons can continue to have a positive impact on our lives and finances.
Life insurance proceeds are generally tax-free. But not in all cases.
Beware of these traps that could upend your retirement.