DP Financial & Tax

A large number of retired individuals are back into the workforce. In addition to earning a salary, these individuals may also be receiving Social Security benefits. Depending on the individual's age, benefits may be reduced and included in the recipient's gross income. Taxpayers at and above full retirement age can continue to earn unlimited amounts without any reduction in Social Security benefits. Full-retirement age was 65 for many years. However, beginning with 1938 birt

Many times, we ignore the small ways of cutting expenses because they don’t appear to make that big of a difference. However, just like a kind word can lift a heavy burden, combining several small money-saving tips can pay huge rewards. As we mentioned in our last article, those daily lattes can add up quickly and drain around $100 a month; not to mention if you get that tempting pastry, as well. Here are a few more money-saving tips to help build cash to fund your Christ

Whether your Social Security benefits are taxed, depends on your “provisional income.” Your provisional income is your adjusted gross income, not counting Social Security benefits, plus nontaxable interest and half of your Social Security benefits. Here are a few strategies to help you keep your income below the cutoffs and reduce the portion of your benefits that is taxable: For details on how to calculate your taxable Social Security benefits, see IRS Publication 915 and

Seven tips for a sound strategy Health Savings Accounts (HSAs) have quickly risen in popularity over the past few years. In a nutshell, an HSA is a tax-advantaged savings account that is owned by an employee or self-employed person. According to the America’s Health Insurance Plans (AHIP), enrollment in health savings account/high-deductible health plans (HSA/HDHPs) totaled 19.7 million in January 2015, up from 17.4 million in 2014. Market forces are pushing employers and