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Your First Required IRA Withdrawal At 73 Can Push You Past The IRMAA Cliff For A Full Year

July 13, 2026

Turning 73 brings an important retirement decision: when to take your first required minimum distribution (RMD). Waiting until April 1 of the following year may seem convenient, but it can result in two RMDs landing in the same tax year, potentially increasing your income and triggering higher Medicare premiums through IRMAA.

25 Financial Moves To Consider Making Before December 31st

December 9, 2024

It’s worth focusing on practical financial strategies to consider before the end of the year. It will also help lay the groundwork for a financially successful year ahead.

Tax Deductions 2024: What Can I Deduct and How Do They Work?

November 25, 2024

The Internal Revenue Service offers scores of deductions to help you keep more of your earnings in your pocket. With a filing deadline of April 15, 2025, here's what you need to know about deductions for tax year 2024.

Four Must-Dos Before Tax Season Wraps Up

April 8, 2024

It’s gratifying to close the books on tax season. But before you do, there are just few things you might want to take care of while you’re still on the tax zone.

4 Big Tax Breaks You May Lose Under GOP Tax Plan

October 2, 2017

There are tax benefits that are on the chopping block to help fund what businesses and individuals pay to Uncle Sam. FOR THE TOP 4 BREAKS THAT POTENTIALLY MAY BE LOST, CLICK ON THE HEADLINE

Watch Out For Charity Scams After Orlando Tragedy

June 20, 2016

The Better Business Bureau encourages people to be safe online and to be aware of a few other things before making a donation. CLICK ON THE HEADLINE FOR MORE

Recent Posts

Nine Reasons The IRS Could Take Your Tax RefundJuly 20, 2026 - 6:56 pm
A tax refund isn’t always guaranteed to reach your bank account. Here’s a list of reasons why the IRS may legally withhold or offset your refund—and what you can do if it happens.
Your First Required IRA Withdrawal At 73 Can Push You Past The IRMAA Cliff For A Full YearJuly 13, 2026 - 6:02 pm
Turning 73 brings an important retirement decision: when to take your first required minimum distribution (RMD). Waiting until April 1 of the following year may seem convenient, but it can result in two RMDs landing in the same tax year, potentially increasing your income and triggering higher Medicare premiums through IRMAA.
Trump Account vs 529: Which Is More Beneficial For Children?July 6, 2026 - 6:41 pm
While the new newborn investment program known as Trump Accounts provides another savings option, financial experts caution it should not be viewed as a replacement for a 529 college savings plan designed to help save for education. Experts say the two accounts can complement each other rather than compete.
QuickBooks Support: When DIY Accounting Starts Holding A Business BackJune 29, 2026 - 5:31 pm
QuickBooks can be a powerful tool for small businesses, but only when it is set up and maintained correctly. If your reports do not make sense, your books are behind, or you are spending too much time trying to fix accounting issues yourself, it may be time to get professional QuickBooks support.
Trump’s New Auto Loan Tax Break: Who Qualifies?June 22, 2026 - 6:47 pm
As higher car prices and elevated interest rates have driven up borrowing costs for millions of Americans, a new tax deduction signed into law may offer some relief for eligible buyers. Qualifying taxpayers can deduct interest paid on certain auto loans, potentially reducing their taxable income and lowering their federal tax bill.
401(k) Hardship Withdrawals Are At Record Highs: What They Really Cost YouJune 16, 2026 - 7:36 pm
Financial experts warn that while 401(k) hardship withdrawals can provide emergency access to funds, they often come at a high cost. Alternatives such as 401(k) loans, credit cards, or home equity financing may be less damaging in the long run.
Still Waiting On Your Tax Refund? The IRS Says Relief May Be Coming This MonthJune 8, 2026 - 5:43 pm
Two groups are more likely to still be waiting for their tax refund: taxpayers who filed under extended deadlines and those whose refunds were delayed because of missing banking information. The delays also come during a tax season that has seen significantly larger refunds. However, according to the IRS, relief may be on the way this month.
Tax Season May Be Over, But Many Seniors Are Still Getting Hit With Surprise Bills They Didn’t See ComingJune 1, 2026 - 8:14 pm
Across the country, seniors are opening IRS notices, learning they owe additional taxes, or discovering penalties they never expected. The issue often stems from the increasingly complex nature of retirement income. Social Security benefits, pensions, retirement account withdrawals, investment earnings, and Medicare-related costs.