There has been no shortage of drama to follow for those who enjoy watching events unfold along the Potomac. One story that Californians and Silicon Valley should keep their eye on is potential tax law changes from the Biden administration.
It’s never too early to start planning for retirement, especially when it comes to tax planning in the “distribution phase” of your life.
Every year, more than 147 million Americans file federal tax returns, according to the Tax Policy Center. Many of those tax filers dread searching through their files to locate their mortgage, retirement, and investment account statements. But gathering your records for tax season can also be an excellent opportunity to evaluate your income and expenditures.