Tax News & Insights from Tax Centers of Georgia

Thinking about pausing your 401(k) contributions? While it may seem like a quick way to free up cash, even a temporary pause may reduce compound growth, eliminate employer matching contributions, and make it harder to reach your retirement goals. Before making a...

Healthcare may be one of the largest expenses you’ll face in retirement. According to Fidelity, a 65-year-old retiring today may spend an average of $172,500 on healthcare costs throughout retirement, and that estimate does not include long-term care. Understanding...

Wondering what to do with your 401(k) during market volatility? While market downturns can be unsettling, panic selling, stopping contributions, and taking early withdrawals often cause more damage to retirement savings than the decline itself. Key Takeaways The...

Retirement anxiety is rising in 2026 as Americans worry about inflation, healthcare costs, Social Security uncertainty, market volatility, and running out of money. Studies show many workers feel behind on retirement savings and unsure about their financial future....

Teaching kids financial literacy doesn’t have to be complicated. Summer can be the perfect time to teach children and teens real-world money skills through allowances, chores, summer jobs, grocery shopping, and vacation budgets. This guide shares 16 practical ways...

A 401(k) offers several powerful retirement benefits, including tax advantages, employer matching contributions, catch-up contributions, and long-term investment growth. Understanding these benefits of a 401(k) may help you make smarter decisions with every dollar you...

401(k) withdrawal rules determine when you can access your money and what it will cost you. While you can typically withdraw penalty-free after age 59½, earlier withdrawals may trigger taxes and penalties, unless you qualify for exceptions. Understanding these rules...

When you leave a job, you have several options for your 401(k), including leave it, roll it over to an IRA or your new 40(k), or cash it out. Each choice has different tax implications and can impact your ability to access your money, especially if you qualify for the...

401(k) mistakes aren’t just about saving too little – they’re also about poor planning. Common issues like tax-heavy accounts, lack of diversification, and early withdrawals can reduce your retirement income even if your balance is growing. Takeaways Saving money...

The second quarter is a key time to reset your finances and stay on track for the year. From reviewing your budget to maximizing your 401(k) and rebalancing your investments, these smart money moves can help you strengthen your financial plan and make meaningful...