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Phone: 973-455-1894 | 51 Dumont Place, Morristown, NJ 07960 | Get directions!

Kiely Capital Management offers financial planning and investment advice. Serving Central and Northern New Jersey, Yvonne and Bernard (Bernie) Kiely provide over 25 years of experience offering discretionary asset management, retirement planning and income tax preparation. KCM is registered with the State of New Jersey as a Registered Investment Advisor.

 

“The only thing we sell is good advice.”

©2018 Kiely Capital Management Inc. All rights reserved.

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Q. I filed my father’s taxes and they only allowed me to exclude his $39,600 pension. In reading the pension exclusion rules further, it seems that you are allowed to exclude the lesser of your pension or $45,000 of retirement income? It seems a little unfair to those...

Q. I am a former resident of New Jersey and I will be moving back with my wife next year. We are both retired teachers receiving pensions from Pennsylvania, which doesn’t tax pensions. How will New Jersey taxes affect our pensions? I am also collecting Social Security...

Q. Due to a workforce reduction, I was terminated by my former employer. Shortly after, I took my retirement account, fully funded by my former employer, in one lump sum and rolled it over to my IRA. Does this impact my eligibility to collect unemployment benefits?

— No...

Q. I am retired but I get a W-2 for a small amount, but it is subject to Social Security, Medicare and other taxes just as I was still employed. The amount is for the cost of employer-paid life insurance over $50,000. It also shows an amount of about $14,000 that the c...

You may be eligible to collect benefits on a spouse's record.  (pixabay.com)

Q. My spouse died in 1998. We were married 20 years at that point. I am 62 now. I don't know if I would qualify for any of his Social Security now or at my full retirement age. What should I do...

A look at what the new tax plan means for some inherited IRAs. (alvimann/morguefile.com)

By Karin Price Mueller
NJMoneyHelp.com for NJ.com

Q. How does the new tax legislation affect current "Income with Respect to a Decedent," or IRD, with respect to offsetting taxes on...

Q. How will the tax plan it affect the deduction for contributing to a 401(k)?
-- Saver

A. The tax bill does change so much, but 401(k) plans squeezed out a win for savers.

There was a provision in the Senate's bill that would eliminate catch-up contributions for high-in...

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