Tag Archive for: social security

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

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.

12 Tax Strategies Every Self-Employed Worker Needs In 2026

From freelancers and creatives to skilled tradespeople, real estate agents, and niche consultants, self-employment spans nearly every industry. While working for yourself offers flexibility and opportunity, it also brings financial responsibility—especially when it comes to taxes.

IRS Announce 2024 Cost of Living Adjustments For Retirement Plans

The COLA adjustments applicable to dollar limitations on benefits and contributions for retirement plans generally effective for Tax Year 2024 were just announced.

44% Of Savers In Their 20s And 30s Want To Retire By 60, But Few Are On Track—See How You Stack Up

Many younger Americans currently aren’t on track to retire at the current full retirement age of 67, let alone at 60. Wondering how you stack up? Here’s how financial pros say you can calculate whether or not you’ll be able to retire when — and how — you want.

What Are The Tax Rates For Different Types Of Retirement Income?

Your IRAs, pensions, taxable accounts and Social Security distributions create various tax implications. So, it’s vital to understand them and implement strategies to reduce your tax liability and maximize your retirement funds.

Retired And Returning To Work: How The Extra Income Could Collide With Other Financial Considerations

Extra income in and of itself isn’t bad if you are among those retired people thinking about picking up a job again. However, it’s worth considering how the extra income could affect other parts of your financial life. CLICK ON THE HEADLINE FOR MORE