Retirement

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Checking off RMDs on the year-end to-do list

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December 9, 2025 , , , , ,

RMD distribution

You likely have a lot of things to do between now and the end of the year, such as holiday shopping, donating to your favorite charities and planning get-togethers with family and friends. For older taxpayers with one or more tax-advantaged retirement accounts, as well as younger taxpayers who’ve inherited such an account, there may be one more thing that’s critical to check off the to-do list before year end: Take required minimum distributions (RMDs).
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There’s still time to save 2025 taxes

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December 2, 2025 , , , ,

2025-income-tax-savings

Just because it’s December doesn’t mean it’s too late to reduce your 2025 tax liability. Consider implementing one or more of these year-end tax-saving ideas by December 31.
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Understanding spousal IRAs: A smart retirement strategy for couples

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July 8, 2025 , ,

spousal IRA

Retirement planning is essential for all families, but it can be especially critical for couples where one spouse earns little to no income. In such cases, a spousal IRA can be an effective and often overlooked tool to help build retirement savings for both partners — even if only one spouse is employed. It’s worth taking a closer look at how these accounts work and what the contribution limits are.
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Do you have questions about taking IRA withdrawals?

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January 14, 2025 , , ,

IRA withdrawal, RMD

We’ve got answers

Once you reach age 73, tax law requires you to begin taking withdrawals — called Required Minimum Distributions (RMDs) — from your traditional IRA, SIMPLE IRA and SEP IRA. Since funds can’t stay in these accounts indefinitely, it’s important to understand the rules behind RMDs, which can be pretty complex. Below, we address some common questions to help you navigate this process.
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Maximize your 401(k) in 2025: Smart strategies for a secure retirement

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December 31, 2024 , , ,

maximize 401k

Saving for retirement is a crucial financial goal and a 401(k) plan is one of the most effective tools for achieving it. If your employer offers a 401(k) or Roth 401(k), contributing as much as possible to the plan in 2025 is a smart way to build a considerable nest egg.
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Your guide to Medicare premiums and taxes

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December 10, 2024 , , ,

Medicare premium

Medicare health insurance premiums can add up to big bucks — especially if you’re upper-income, married, and you and your spouse both pay premiums. Read on to understand how taxes fit in.

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Certain charitable donations allow you to avoid taxable IRA withdrawals

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July 2, 2024 , , , ,

Charitable Required Minimum Distribution

If you’re a philanthropic individual who is also obligated to take required minimum distributions (RMDs) from a traditional IRA, you may want to consider a tax-saving strategy. It involves making a qualified charitable distribution (QCD).

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Social Security tax update: How high can it go?

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June 18, 2024

social security tax

Employees, self-employed individuals and employers all pay Social Security tax, and the amounts can get bigger every year. And yet, many people don’t fully understand the Social Security tax they pay.

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