The tax bite on retirement income may surprise retirees
Challenges can emerge for investors who have not planned for the impact of taxes on retirement income.
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.
The IRS released new guidance that expanded the RMD waiver for use by all investors in 2020.
The SECURE Act recast the rules for leaving retirement assets to heirs, creating challenges for beneficiaries and conflicts with certain trust strategies.
The SECURE Act became law in December and introduced many changes to retirement accounts, including a new 10-year rule for IRAs signaling the repeal of the stretch IRA strategy.
A strategy that allows investors to make an IRA-to-HSA transfer may be used only once in a lifetime.
Creditor risk, which may be overlooked by investors, can erode retirement savings, particularly in an IRA account.
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.
Certain elements of the DOL’s proposed fiduciary rule were modified in the final version released this week.