How to reverse course on collecting Social Security
Individuals receiving Social Security retirement benefits who wish they had postponed them for a larger benefit amount later may have certain options.
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Individuals receiving Social Security retirement benefits who wish they had postponed them for a larger benefit amount later may have certain options.
Understanding health savings accounts’ useful, lesser-known features is key to helping clients make the most of this important retirement planning tool.
The year-end appropriations act included the Secure 2.0 Act, which makes many changes to the retirement plan rules, including expanding automatic enrollment and increasing the starting age for required minimum distributions.
When deciding whether to convert a traditional IRA to a Roth, several factors should be considered, including some that might not be immediately obvious.
The IRS issued the retirement account inflation adjustments for 2023, including the maximum contribution amounts for 401(k) plans and IRAs.
Practical tips could help retirees make the most of their money in a place with a substantially lower cost of living.
The recently passed legislation ultimately will help with one of the biggest wild cards of retirement — health care planning — but immediate updates to financial plans are likely not needed.
Retirees need to learn to look differently at spending, taxes, and powers of attorney.
A Roth IRA can serve as a backup vehicle for pursuing multiple savings goals.
For retirees, effective tax planning requires taking a long view and spending down assets from a variety of sources each year.
Does the 4% rule still make sense? A CPA financial planner discusses how advisers can help ensure their clients can spend with flexibility throughout retirement.
Two easy mistakes seen in retirement planning involve valuation of pensions and improper net-worth comparisons.
Make sure your decision about when to claim Social Security benefits is an informed one that takes into consideration your expected longevity along with various financial and other factors.
Legislation augmenting the SECURE Act of 2019 now goes to the Senate after passing the House.
The choice between a Roth IRA and a traditional IRA in saving for retirement depends on the person’s age, tax bracket, expected future earnings and other factors.
Long-term care is a critical topic when discussing retirement plans with aging clients.
Individuals working past age 65 who want to continue contributing to a health savings account need to carefully follow Medicare’s enrollment rules to avoid significant penalties.
Tax time provides an excellent opportunity to create or update a financial strategy. By examining your tax returns, you can glean information that can help you build a financial plan.
Taxpayers under financial duress caused by the pandemic can avoid penalties.
The IRS announced that the income ranges for employee participation in workplace 401(k) plans and IRA contributions will increase from 2020 to 2021. Most of the other retirement plan contribution limits stayed the same, however.
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This comprehensive report looks at the changes to the child tax credit, earned income tax credit, and child and dependent care credit caused by the expiration of provisions in the American Rescue Plan Act; the ability e-file more returns in the Form 1040 series; automobile mileage deductions; the alternative minimum tax; gift tax exemptions; strategies for accelerating or postponing income and deductions; and retirement and estate planning.