What Will a Government Shutdown Do?
The increasing likelihood of a government shutdown is spotlighting several federal agencies. But the IRS has been in the news lately,...
top of page
Search
RetirementGuy
- Sep 14
- 1 min
The Problem With 401(k) Catch-Up Contributions for 2024
Under SECURE 2.0, if you are at least 50 years old and earned $145,000 or more in the previous year, you can make catch-up contributions...
49 views0 comments
RetirementGuy
- Jul 20
- 1 min
How to Optimize Taxes When You Tap Your Retirement Accounts
Typically, the conventional wisdom suggests a sequential approach to account withdrawal post-retirement, starting with taxable accounts,...
128 views0 comments
RetirementGuy
- Jul 13
- 1 min
13 States That Won't Tax Your Retirement Income
If you want to pay less taxes during retirement, moving to a state that won't tax your retirement income is an option. Some states tax...
124 views0 comments
RetirementGuy
- Jun 26
- 1 min
2023 Roth Conversion Calculator
Just updated for 2023: Use this Roth Conversion Calculator to understand the tax implications of doing a Roth conversion in 2023. Compare...
113 views0 comments
RetirementGuy
- Jun 8
- 1 min
Retirement Planning with Life Insurance
When it comes to retirement planning, most people think of traditional retirement savings vehicles like 401(k) plans, IRAs and Social...
38 views0 comments
RetirementGuy
- May 11
- 1 min
Will You Pay Higher Taxes in Retirement?
Let us first talk about Social Security tax, which is unique. And keep in mind that before 1983, Social Security benefits were not taxed....
90 views0 comments
RetirementGuy
- May 4
- 1 min
Here’s how to leverage the ‘window of low taxes’ for retirement plan withdrawals, advisors say
Saving for retirement often comes with an upfront tax break when funneling money into pretax accounts. But it’s also critical to manage...
111 views0 comments
RetirementGuy
- Apr 6
- 1 min
Joint Account With Rights of Survivorship and Alternatives Explained
The goal for most parents when they ask about this is to give their children access to their money during an emergency. It seems like it...
104 views0 comments
RetirementGuy
- Mar 23
- 1 min
5 Secure 2.0 Act Changes That Could Affect Your Taxes
The Setting Every Community Up for Retirement Enhancement (Secure) 2.0 Act ushers in a number of retirement planning changes that could...
125 views0 comments
RetirementGuy
- Mar 9
- 1 min
Annuities: 10 Things You Should Know
Out of favor for a long while, annuities — the controversial and often misunderstood long-term insurance contracts — are getting more...
67 views0 comments
RetirementGuy
- Feb 23
- 1 min
What’s A QCD?
A Qualified Charitable Distribution is a mechanism by which you use your required distributions from your retirement accounts to...
59 views0 comments
RetirementGuy
- Feb 23
- 1 min
9 IRS Audit Red Flags for Retirees
As you bask in your retirement years, enjoying dinners with your friends, spending time with family, and traveling more than you did...
202 views0 comments
RetirementGuy
- Jan 26
- 1 min
Tax Season is Here. What to Know Before You File
First and foremost, tax filing season has officially started. The IRS began accepting tax returns on Monday, January 23rd. The IRS says...
110 views0 comments
RetirementGuy
- Jan 18
- 1 min
Tax Doc Checklist for 2022
Every year, it can pay off to get organized and gather your tax documents early, both because you’re likely to receive your tax refund...
113 views0 comments
RetirementGuy
- Jan 12
- 1 min
You Just Got More Control Over Your Retirement Account: Delayed RMDs and Beyond
Like the previous retirement bill passed in 2019, SECURE (Setting Every Community Up For Retirement Enhancement), Secure 2.0 is based on...
90 views0 comments
RetirementGuy
- Jan 12
- 1 min
New RMD Rules: Starting Age, Penalties, Roth 401(k)s, and More
There are some new rules for required minimum distributions (RMDs) from retirement savings accounts (e.g., traditional IRAs and 401(k)...
150 views0 comments
RetirementGuy
- Jan 5
- 1 min
2023 Retirement and Benefit Account Contribution Limits: 401k, 403b, IRA, HSA, DCFSA
The beginning of the year is also a good time to check on the new annual contribution limits for retirement and benefit accounts, many of...
51 views0 comments
RetirementGuy
- Dec 29, 2022
- 1 min
Inheriting an Annuity? Here’s a Little-Known Way to Stretch Its Tax Benefits
One of the biggest advantages of an annuity, tax deferral, can be lost when anyone other than a spouse inherits an annuity. Then, all...
46 views0 comments
RetirementGuy
- Dec 29, 2022
- 1 min
The SECURE 2.0 Act’s Impact On Roth IRAs
The SECURE Act 2.0 caught a ride on the $1.7 trillion omnibus spending bill that was unveiled on December 19. While the bill presents...
132 views0 comments
bottom of page