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.
Less restrictive than budgeting, spending plans are a proactive and flexible way to anticipate cash needs in retirement.
Learn how a combination of outside income, investments, and retirement accounts can help cover regular expenses.
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.
According to a survey conducted at the end of 2021, about 88% of Americans are very worried about inflation and many say they are planning to cut back their spending.1 Prices…
Protecting your portfolio from avoidable income tax is key to creating a sound income strategy for retirement.
If you’re regretting the timing of starting Social Security, you may be able to rethink your strategy by restarting or suspending benefits.
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
Finding meaning and purpose after your career is a common concern. Here, we share ideas from “Vibrant Living,” a TV segment about developing a healthy, happy retirement.
It may be wise to plan for retirement without full Social Security, since projections indicate the future of the benefit is unpredictable.
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.
With appropriate income withdrawal strategies, a retiree can lessen their exposure to IRMAA surcharges.