What if you are one of the many millions of people who have little chance of having a million dollar retirement portfolio by the time you reach 65? Should you abandon the idea of retirement completely and plan on working until you die? Hardly. The reality is that most people will enter retirement with something much less than $1 million. The ability to retire is often more dependent upon factors beyond your retirement portfolio. Here are some ways to enable you to eventually have some form of retirement, even if you will never amass a retirement fortune. Cut your living expensesA major reason why retirement portfolios need to be so large today is the high standards of living we’ve all become accustomed to. You can cut down on the amount of money that you’ll need in retirement by cutting back on your living expenses now. This will accomplish two positive goals. First, it will free up more money now so that you can invest it either in your retirement portfolio or in other income producin..

With tax season around the corner, you might be itching to file your taxes right away. Some people like to file as early as possible, while others are still looking for the answer to their question: when are taxes are due? If you don’t have all your tax forms yet, but want to estimate what your federal income tax return looks like, you’re in luck. There are a few tools available for you to estimate what your return might look like. If you haven’t already received your W-2 or 1099s in the mail, use your last paycheck as a guide to see how much you made and what you paid in for federal and state taxes. Gather as much information as you can about charitable donations, business expenses, or interest paid so that you can get the best estimate when you put your figures into these income tax calculators. 3 Income Tax Calculators to Estimate Your Tax Refund…or Tax BillIRS.gov Tax Refund CalculatorThis no-frills income tax calculator will take into consideration most of the major tax issues tha..