The landscape of retirement savings in the United States is experiencing a remarkable shift as the number of 401(k) millionaires reaches unprecedented levels. According to the latest data released by Fidelity Investments, a record-breaking 497,000 401(k) accounts now boast balances of $1 million or more, marking a 2.5% increase from the previous quarter. . .
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financial planning
Tax Tips for Seniors: How Older Adults Can Maximize Tax Savings in 2024
by Sonia Park
written by Sonia Park
As the tax season for 2024 is underway, older adults are discovering various strategies to save tax dollars and maximize their benefits. In New York City, veteran CPA Neil Frankel sheds light on key tips that can significantly reduce tax burdens. . .