Taxes

Taxes

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Should you roll over your 401(k) to an IRA? Here are 3 tips for this key retirement decision.

This article is reprinted by permission from NextAvenue.org. In his classic tune “Roll Over Beethoven,” Chuck Berry famously belted: “Roll it over then move on up.” Well, if you’ve ...
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Featured Retirement Taxes

Required Minimum Distribution Confusion in 2022

Required minimum distributions have gotten a little bit trickier in 2022. Joining me to discuss what you need to know is tax and retirement planning expert, Ed Slott. ...
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Featured Retirement Taxes

10 Ways to Reduce Taxes on Your Retirement Savings

There are a variety of tax deductions and credits available to people who save for retirement. But you could incur tax penalties if you don’t use these accounts ...
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Featured Money Retirement Taxes

5 Benefits Of Supercharging Your 2022 401(k) Contributions

Reducing your tax bill seems to be one of the biggest motivators for making 401(k) contributions. The good news for 2022, 401(k)-contribution limits have increased. Keep reading as ...
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Featured Income Retirement Taxes

Types of Annuities and How they Work

The Main Types of Annuities Generally speaking, there are two basic annuity types, immediate and deferred. The main difference between them is your payout options. With an immediate ...
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Featured Income Retirement Social Security Taxes

6 Things Many Americans Get Wrong About Social Security

Social Security is a significant source of income for many retirees, but people often misunderstand even basic concepts behind this government program. Nearly 90% of American adults say ...
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Featured Retirement Taxes

Why Today’s Retirees Need to Pursue Tax-Minimization Strategies

IRAs are the name of the game for today’s retirees. While they come with helpful tax breaks for savers, pulling money out in retirement comes with major tax ...
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Featured Retirement Taxes

How President Biden’s Tax Proposals Could Affect Your Retirement Plan

Biden’s proposal would equalize the tax benefits of saving for retirement by instituting a refundable tax credit for contributions into a traditional retirement plan such as a 401(k), ...
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Income Money Retirement Taxes

Should I pay off my mortgage early?

There are a lot of factors to consider when deciding whether to pay your mortgage off early. Before making any financial decisions, make sure you step back and ...
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Featured Retirement Taxes

Good Planning Can Reduce the Chances of Taxes Hurting Your Retirement Funds

There are a lot of pieces to the retirement tax-planning puzzle, but lucky for you, that means you have a lot of options to help control your taxes. ...
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