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You may have seen headlines or commentary suggesting that recent tax changes made Social Security benefits completely tax-free. That isn’t exactly what happened. Under current law, Social Security benefits can still be subject to federal income taxes depending on a person’s overall income. Up to 85% of benefits may be taxable for some retirees. Changing the taxation of Social Security directly would require modifying the existing Social Security tax rules, which can be diffic

Understanding Social Security Taxes in Pennsylvania Social Security benefits are an important source of income for many retirees, but one common question people have is whether those benefits are taxable. The answer depends on both federal rules and state tax laws. For residents of Pennsylvania, Social Security benefits are not subject to state income tax . However, depending on your total income in retirement, a portion of your benefits may still be taxable at the federal le

Reliable Income in Retirement One of the biggest concerns many retirees have is whether their savings will last throughout retirement. Unlike during working years when a paycheck arrives regularly, retirement often requires turning accumulated assets into a dependable income stream. Creating reliable income in retirement typically involves combining several sources of income and understanding how they work together over time. Common Sources of Retirement Income Most retirees

Many people spend decades focused on saving for retirement, but fewer people spend time thinking about how taxes may affect their income once they stop working. Taxes can play a significant role in how long retirement savings last and how much income retirees ultimately keep. Understanding how different types of retirement income are taxed can help individuals make more informed financial decisions as they prepare for retirement. Common Sources of Taxable Retirement Income Re

Retirement Planning in Hershey and Dauphin County Many individuals approaching retirement begin to focus on how their savings, Social Security benefits, and investments will work together to support their lifestyle. For residents of Hershey and Dauphin County, retirement planning often involves balancing long-term income needs with tax considerations and healthcare costs. Understanding the different pieces of retirement planning can help individuals make more confident financ

Understanding Medicare Open Enrollment Each year Medicare beneficiaries have an opportunity to review and adjust their coverage during the Medicare Open Enrollment period. This window typically runs from October 15 through December 7. During this time, individuals enrolled in Medicare can review their current plans and make changes if their healthcare needs, prescriptions, or coverage options have changed. What Changes Can Be Made During the open enrollment period, Medicare b

Understanding Financial Advisors and Financial Planners Many people use the terms “financial advisor” and “financial planner” interchangeably. While the roles often overlap, there can be meaningful differences in how professionals approach financial guidance and the types of services they provide. Understanding these distinctions can help individuals determine what type of financial professional may be the best fit for their needs. Why the Terms Are Often Used Interchangeably