Steinmetz said there have been changes in the tax law that will impact 2025 tax filings. Steinmetz encourages people to use ...

Retirees must begin taking required minimum distributions at 73, triggering potential tax obligations on retirement savings. Smart planning with spousal considerations, annuities, and charitable ...

You've spent decades contributing to a tax-advantaged retirement savings account. Now, for one reason or another, you want to withdraw your money. Maybe a medical issue has pushed you into early ...

Most states offer at least one tax break to retirees but some exempt multiple forms of retirement income and eight states have no income tax at all.

The subject of having multiple traditional IRA accounts came up recently in a presentation I was giving on QCDs. The context was donating IRA money to charity after age 73 during the IRA's required ...

In your 70s, it's time to put your retirement plan into action. Here are some tips on how to maximize your success.

Take our RMD quiz to test your retirement tax knowledge. Learn about RMD rules, IRS deadlines, and tax penalties that could ...

For recent retirees, required minimum distributions (RMDs) become a way of life at age 73 (75 if you were born in 1960 or later). RMDs are the government's way of ensuring it collects taxes on money ...

One word of caution on waiting until the end of the year: Don’t wait too long. If any of the transactions you need to make ...

The Secure 2.0 Act introduces a pivotal change in retirement planning by increasing the age for Required Minimum ...

Recently, I’ve wondered if it makes sense to transfer the inherited IRA to a non-retirement account, take the tax and ...

The Secure 2.0 Act raises the RMD age, giving retirees more control over when to withdraw savings and how to manage taxes in ...