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Required minimum distributions are taxed as taxable income, the same as other types of traditional IRA withdrawals and Roth conversions.

While the initial details sound promising, the downsides are many.

Taxes related to traditional IRA withdrawals only happen once. Meanwhile, the funds in your taxable account are subjected to taxation each year.

There is an artistry to a bond allocation, and while historical analysis can only be suggestive, it does tell a strong narrative.

Saving Tuesday is the Tuesday before Thanksgiving. It is a day to squirrel some savings away for your future self.

You can have an effectively uncapped state tax deduction if you have a high tolerance for paperwork.

Here are six reasons you may want to sell for a loss.

Here is a reference chart with 2024 income tax rates, capital gains rates, retirement contribution limits, and more.

If closing an account at Schwab is in line with your goals, take comfort in knowing that you are able to close your accounts at Schwab without losing access to your important documents.

We have written on the topic of healthcare reform multiple times, including our 2014 economics of healthcare series which culminates in this article.

This lie was PolitiFact’s 2013 lie of the year, but we dub it the lie of the century.

Twelve-month inflation for all items ending in September 2023 has been 4.1%, so the 2024 contribution limits increased significantly but less than last year.

While most states do not have their own estate or inheritance taxes, some states do and often their exemption is lower than the federal one.

The fact that markets are down isn’t a good reason by itself to fire your advisor, but there are reasons to switch financial advisors related to performance.

It sounds broad and easy to use, but it is actually very specific and uncommon.