New ways to avoid early withdrawal penalties from retirement accounts
IRS recently provided details on new provisions to avoid the early withdrawal penalty from retirement accounts.
IRS recently provided details on new provisions to avoid the early withdrawal penalty from retirement accounts.
As year-end approaches, there may be steps taxpayers can take to better manage their current tax bill or to hedge the risk of future higher tax rates. Now is an opportune time to assess finances and determine if adjustments are needed. It is especially timely since, for many options, there is a limited window to
Staying focused on tax planning can help individuals find ways to improve their tax situation throughout the year.
The administration announced a program for student loan forgiveness for debtors who meet certain income requirements.
Challenges can emerge for investors who have not planned for the impact of taxes on retirement income.
A benefit of a Roth conversion is that investors may change their minds. An early start gives investors more time to assess the value of the strategy.
The end of the year is approaching but there are still tax-smart strategies that may be implemented.