Younger generations are lagging behind on target goals for retirement savings. Here, we will look at some simple strategies for catching up.
This past year, we covered topics ranging from inflation and legislative changes to RMDs and asset allocation. Here is an overview.
We reviewed the tax code updates for 2024. Here’s what to know about contributing to a variety of retirement accounts.
Surprises on vacation can be stressful. Here’s how to plan ahead so your next trip is memorable in the right ways.
How much do you know about the tax implications of investing? This quiz tests your knowledge and gives you a chance to brush up on the basics.
When your financial life is complex, decreasing your tax liability requires a strategic plan. Here is where to start.
Real Estate Investment Trusts offer a way to invest in real estate without having to actually manage property. Yet it’s wise to understand the taxation first.
While more investment choices may be appealing, there are some issues to be aware of before taking this direction.
You’ve brought in a regular income and made wise investments throughout your life. Now you’re facing the transition from generating income to drawing down your savings.
The IRS is not trying to discourage charitable giving. It is tightening requirements to limit abuses.
Whether You Are Retiring Now or in 10 Years, the Consolidated Appropriations Act Could Help You Save
Some changes take effect this year, and others are delayed until 2024, 2025, 2026, or even 2033.
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.
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
When Inheriting an IRA there are complex rules you will need to follow to avoid costly errors.
Roth IRAs are not subject to RMD rules.
Full of tricky timing concerns, the rules for IRA withdrawals are commonly misunderstood. Here, we explain five of them.
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.
RMD rules are similar for both types of accounts, but there are some differences.
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.
Discover several ways to offset inflation through tax-efficient saving in 2023.