As a result of the increased life expectancy, retirees can now retain their tax-deferred funds in their retirement accounts longer. The current Internal Revenue Service (IRS) tables now feature higher life expectancy factors, lowering the mandatory minimum annual withdrawal.
Most people don't enjoy talking about or paying for insurance, especially in retirement. However, various perils are always right around the corner. Having the right types of insurance throughout your life can help soften the blows when major or minor calamities happen.
Whether you are retired or just a beginner investor, portfolio balancing is a necessary component of investment management. Keep reading to learn more about what portfolio balancing is, what it involves, and why it is important.
In retirement, capital gains could have an impact on your total tax bill. It's essential to consider how selling certain assets can affect your total financial picture. Click here to learn more about how capital gains can affect your total tax bill.
One costly medical-related fee retirees must deal with is monthly Medicare premiums. On top of this, Medicare beneficiaries might be subject to a surcharge fee on their premiums known as IRMAA. Keep reading to find out what IRMAA is and how to avoid it.
Whether you are just easing out of the workforce, or you have been retired for a few years, making the right financial moves is critical to creating a successful retirement plan. One of the most critical financial moves is tax planning. Click here to learn about six strategies you can utilize throughout the tax year to help minimize your tax obligations in retirement.
Are you worried about whether or not you will have enough income in retirement? In this blog post, we will discuss some tips on how to determine how much income you will need in retirement.
Healthcare can often be the most significant expense for retirees. Today, many who retire before 65 must pay for insurance out of pocket at much higher premiums. Keep reading to learn how to plan for your healthcare costs in retirement.
Passive investing is an investment strategy to maximize returns by minimizing buying and selling. Find out more about passive investment management and why it is one of the most popular retirement planning options for people aged 50 and over.
Donor advised funds are becoming more popular each year with investors. They help people to donate to charity while also receiving a tax benefit. Please keep reading to learn was a donor-advised fund is and if it could be right for you.
You have worked for decades and now it is finally time to consider your exit from the workforce. Can you afford to retire? What will you do in retirement? What else should you consider?
One of the most important and popular tax planning strategies is a Roth conversion. But before you rush into this decision, you need to really understand what this conversion means, what the conversion process is, and how it works.