Here, we offer further strategies for heirs of retirement accounts to maximize the after-tax value of their funds.
This strategy of diversifying bonds can help smooth out the ups and downs of the market.
Here, we break down the IRS pro-rata rule—a calculation that helps distinguish pre-tax and after-tax funds.
Withdrawing money early from a retirement account is meant to be a last resort—and can come with consequences. Make sure you know these penalties and exemptions first.
Follow these strategies to design a distribution plan with tax efficiency in mind.
If you’re the beneficiary of retirement accounts or other inherited assets, it pays to learn about the IRD deduction.
Full of tricky timing concerns, the rules for IRA withdrawals are commonly misunderstood. Here, we explain five of them.
Protecting your portfolio from avoidable income tax is key to creating a sound income strategy for retirement.
Is that new pursuit a hobby or a business? Learn the difference and follow the corresponding tax rules to avoid penalties.
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
Deciding when to begin Social Security benefits is complicated. Weighing these factors, and running careful tax projections, can help.
Learn how diversifying your taxability (not just investments) is key to creating a sound retirement plan.
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.
Keep in mind that claiming Social Security benefits before FRA results in a permanent reduction in the benefit amount, whether you are claiming spousal benefits or your own.
Estate tax is levied against someone’s estate upon death and is based on the size of the total estate. Inheritance tax is levied against the heirs of an estate.
It’s wise to use an adviser whose primary focus is on strategies that maximize the retirement experience.
The new rule for adults who inherit an IRA from their parents in 2020 and beyond is that they must liquidate that account within 10 years.
When Inheriting an IRA there are complex rules you will need to follow to avoid costly errors.
Until you reach age 59 ½, attempting to access tax-deferred retirement accounts could trigger taxes and penalties.
If money is taken from an IRA before age 59 1/2, a 10% excise tax penalty is applied to the amounts withdrawn—unless it meets one of the twelve exceptions.