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Individual retirement accounts (IRAs) are one of the most important account types, and understanding the difference between Roth and traditional contributions and withdrawals is foundational to tax planning.

Life is volatile, risky, and on average rewarding. Diversification and rebalancing help to protect yourself from the volatility.

While not the most favorable RMD rules imaginable, I’m sure it is still a relief to know that you don’t need to navigate the new SECURE Act rules just because you dissolved the trust.

I have adopted this card as the primary one in my wallet for groceries and gas.

Hopefully, you didn’t bother looking, and I can be the first to tell you.

What procedure can you put in place to prevent employer match churning? That is still unclear.

If the form is accepted, the Social Security Administration will generally not only change your current IRMAA, but they will also use your Projected MAGI for the next several years. Here’s why.

After over a decade of broken promises and rising costs, our need for a more sustainable tax system is acutely felt.

While we still cannot call the end of the Bear Market from this performance, today’s returns strongly suggest that 15 months ago, October 12, 2022 was the end of this bear market.

For those over age 59 1/2, you would need to withdraw all funds attributable to basis before your withdrawal would be sourced from Roth IRA earnings and the age of your Roth IRA would matter for taxation.

A savings waterfall helps investors navigate the financial complexity available to them.

While an excess or failed backdoor Roth can feel very stressful to solve, it is a normal and quick fix for your qualified financial custodian.

Later required beginning dates are generally advantageous to seniors, although the complexity surrounding RMD rules is nothing to celebrate.

Seniors over age 65 may receive relief on their real estate taxes limited by AGI but regardless of net worth.

The IRS authors make clear that the purpose of the notice is to “provide guidance on discreet issues to assist in commencing implementation of these provisions” not to provide comprehensive guidance.