Rhode Island

Retirement planning often hinges on understanding how benefits and taxes will affect your income after you stop working. For Rhode Island retirees in 2026, there are important updates regarding Cost-of-Living Adjustments (COLA) and pension income tax exclusions that can significantly impact your financial security. This post breaks down these changes clearly, helping you make informed decisions about your retirement finances. What Rhode Island Retirees Need to Know About the

Many Rhode Island state employees face a frustrating challenge: their retirement savings are locked into 401(a) accounts managed by TIAA. Over 40,000 workers find themselves unable to move their money to lower-cost providers or access funds before retirement. This situation leaves many searching for ways to borrow against or withdraw their savings, often without clear options. Understanding the rules around these locked accounts and exploring available alternatives can help e

Many Rhode Island citizens and public employees search online with growing concern about their pensions. The fear of benefit reductions, frozen cost-of-living adjustments (COLAs), and the risk of municipal bankruptcies has created uncertainty about retirement security. This post explains the main pension-related worries in Rhode Island and points to practical resources that can help workers and retirees understand their rights and options. How Rhode Island’s Pension Benefits

Planning for retirement can feel overwhelming, especially when it comes to understanding your pension benefits and tax implications. Rhode Island residents who participate in the Employees' Retirement System of Rhode Island (ERSRI) have access to a powerful online portal designed to simplify this process. This guide will walk you through the key features of the ERSRI portal and related resources, helping you make informed decisions about your retirement. How to Check Your Pen

Rhode Island’s estate tax rules create a challenging environment for multimillionaires who want to protect their wealth. Unlike the federal estate tax exemption, which shields up to $15 million per person, Rhode Island’s state estate tax kicks in at just $1,838,056. This low threshold means many affluent residents face a steep tax bill when passing on their assets. This post explains how Rhode Island’s estate tax works, the new property tax surcharges targeting luxury homes,

Small business owners and their employees often face challenges when it comes to saving for retirement. Many do not have access to employer-sponsored retirement plans, which can leave workers without a reliable way to build savings for their future. To address this gap, Connecticut and Rhode Island have joined forces to create a new partnership aimed at expanding retirement savings options for small businesses. This partnership is designed to make retirement accounts more acc

Retirement security remains a pressing concern for many Rhode Island workers and retirees. With ongoing debates over pension benefits, cost-of-living adjustments (COLAs), and new retirement account partnerships, understanding the current landscape is essential. This post explores the challenges facing Rhode Island’s public employees and retirees, highlights recent developments, and offers practical strategies to help navigate these complex pension issues. Rhode Island State H

Owning property in Rhode Island valued over $1 million comes with specific tax rules that can catch many property owners off guard. If your property is not your primary residence, you may face a non-owner occupied property tax that applies to estates and real estate holdings. Understanding how this tax works and what steps you can take to manage or reduce your tax exposure is crucial. This guide breaks down the key points and practical strategies to help you navigate Rhode Is

Retirees in Rhode Island face a growing financial challenge that goes beyond health care. The rising cost of housing and living expenses is creating a serious gap for many seniors who depend on fixed incomes. This gap threatens their ability to stay in their homes and communities. Understanding this crisis is key to finding practical solutions that can help retirees live with dignity and security. The Financial Gap Facing Retirees Many retirees rely mainly on Social Security

What is the “Fair Share for Rhode Island” package? Rhode Island is proposing significant changes to its tax structure that could impact individuals with substantial savings and investments. These changes may lead to increased taxes on investment income and assets, affecting the overall returns for taxpayers. Below is an overview of the proposed laws and their implications. The New Rhode Island Tax Proposals Rhode Island lawmakers are currently considering several new tax meas