Challenges can emerge for investors who have not planned for the impact of taxes on retirement income.
Individuals who withdrew retirement funds under the CARES Act have options for filing and paying taxes.
A strategy that allows investors to make an IRA-to-HSA transfer may be used only once in a lifetime.
Some plan participants may use non-hardship 401(k) withdrawals to invest in individual retirement accounts.
Retirees at age 70½ may direct IRA assets to a charity tax-free under a provision made permanent by Congress.