New year, new tax updates. What you need to know for 2020

New year, new tax updates. What you need to know for 2020  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  VIEW IN BROWSER | SUBSCRIBE THU, JAN 02, 2020 YOUR WEALTH Editor's Note With a new year (and new decade) underway, there's no better time to improve your financial life. And we have you covered. Start off with this guide about what you need to know about your upcoming taxes. If this is the year you decide to retire, there's a lot of decisions you have to make about Social Security and Medicare. Or maybe you have a couple of 401(k) accounts floating around from former jobs. We'll show you why that's often a bad idea and how you can consolidate them. And with unemployment at record lows, you may be thinking it's time for a new job. We'll tell you about the workplace perks you should really be asking about. We wish all our readers a happy, healthy and successful New Year. For more cool stuff like this, please follow me on Twitter @jimpavia and check out CNBC's Financial Advisor Hub and CNBC + Acorns Invest in You: Ready. Set. Grow. Jim Pavia @JIMPAVIA New year, new tax updates. What you need to know for 2020 This year, resolve to save more in retirement, squirrel away extra dollars for medical needs and, while you're at it, shave your tax bill. Here's what you can expect in 2020. Retirement savings, Social Security and Medicare: These are the changes coming in 2020 A new year also means new retirement rules. From new savings limits to Social Security cost-of-living adjustments and higher Medicare premiums, these are the changes you need to know. Why you should consolidate those 401(k)s and IRAs Millions of Americans have multiple retirement accounts. Merging them can have behavioral and financial benefits. These are the work perks job seekers really want As wage increases fail to keep pace with inflation, employers are rethinking benefits to recruit and keep top talent. For employees, generous paid time off and flexibility matter more than other benefits. Holiday debt could take years to pay off From gift buying to travel expenses and other holiday-related costs, shoppers are racking up more credit card debt every year, and paying hefty interest rates on that tab, as well. These strategies can help turn your 2020 money resolutions into reality About 99 million people will make some kind of financial resolution for 2020. Chances are, you also want to save more and reduce your debts and spending. Here's the steps you need to take to make those goals a reality. Why retiring at 65 could become a thing of the past For lawmakers, raising the retirement age is a controversial issue. However, new research finds that many workers plan to work past 65. Find out what the new default retirement age could become. Why now might be a good time to save in a Roth 401(k) or Roth IRA Roth accounts may make sense for a larger number of Americans due to low historical income-tax rates and the U.S. budget deficit, which some experts believe will necessitate the government raising tax rates in the future. Check out these insider tips for the top things to know about retiring in another country Skimpy retirement assets can go a lot farther overseas. Two expats share their best tips for relocating and what to know before you go. Two investment tricks you can use for 2020 "Here's a pair of tricks I use at the end of each year that are worth considering for your own investing ..." CONTRIBUTORS Sharon Epperson @sharon_epperson Josh Brown @ReformedBroker Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel   Digital Products Feedback Privacy Policy CNBC Events   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS