Understanding RMDs Can Help You Save
Want to design a tax-efficient retirement? Learning how and when to take required minimum distributions (or RMDs) can be a key part of your overall strategy.
A Guide to Required Minimum Distribution Rules for IRAs and Employer Plans
RMD rules are similar for both types of accounts, but there are some differences.
7 Steps to Take When You Inherit an IRA
When Inheriting an IRA there are complex rules you will need to follow to avoid costly errors.
Required Minimum Distributions (RMDs): Follow the Rules to Avoid Costly Penalties
Taxpayers reaching age 72 should be aware that a portion of the funds in their retirement accounts starts to become taxable each year—and pitfalls are common.
Learn These IRA Rules to Avoid Costly Penalties
Full of tricky timing concerns, the rules for IRA withdrawals are commonly misunderstood. Here, we explain five of them.
Are Roth Conversions Right for People Over 73?
Roth IRAs are not subject to RMD rules.
You missed an RMD—now what?
The rules surrounding Required Minimum Distributions are complicated and missing them can be costly. If you have made an error, follow these steps to amend it and seek a penalty waiver
Homeownership: The Good, the Bad, and the Expensive
A home is both an asset and a liability. It can be sold like an asset at some point in the future, but there are ongoing expenses that come with homeownership.
Don’t Overlook These Inflation-Related Opportunities
Discover several ways to offset inflation through tax-efficient saving in 2023.
Ask the Adviser: How do I pay taxes on retirement income?
There are two ways to satisfy the year-round tax payment obligation for retirement income. Taxes can be withheld from your benefits, or you can make estimated payments to the IRS.
Your 2022 Guide to Year-End Tax Planning
Minimizing your tax exposure requires a strategic and holistic plan. Here, we will look at various tactics and consider important tax-law changes for 2022.
Ask the Adviser: Is it ever okay to sell investments during a bear market?
However, this doesn’t mean that you should never sell during a market decline. Here are three scenarios when doing so may be a shrewd move.
The Pros and Cons of Paying off Your Mortgage Early
Wondering whether to close out your home loan ahead of schedule? We’ll look at the benefits of doing this—and when it might be better to invest in bonds instead.
Ask the Adviser: What does the Inflation Reduction Act mean for my ACA subsidies?
The Inflation Reduction Act extends premium tax credits through 2025—and expands who’s eligible.
Ask the Adviser: What can I do to offset PA inheritance tax for my heirs?
Pennsylvania is one of only six states that requires inheritance tax. Here, we look at a variety of ways residents can reduce the tax on passed down assets.
5 Ways to Take Advantage of the Market Downturn
Look for opportunities created by lower markets, which include evaluating employer stock, performing Roth conversions, and investing before the market rebounds.
Year-Round Tax Planning Strategies
With the top marginal tax rate now at 37%—and the Medicare surtax on investment income adding another 3.8%—tax efficiency is more important than ever.
Save Early, Save Often, and Save Tax Efficiently
Opportunistic tax planning can help extend the life of your retirement savings. Here’s how.
Five Common Mistakes When Taking Qualified Charitable Distributions From Your IRA
Making charitable gifts from your IRA instead of your checkbook can be an excellent tax management strategy. Doing so helps you to fulfill your required minimum distribution while reducing taxable income dollar for dollar.
More Ways to Lessen the Impact of the SECURE Act
Here, we offer further strategies for heirs of retirement accounts to maximize the after-tax value of their funds.
