RETIREMENTGUY

It is fairly common for people taking required minimum distributions out of retirement accounts, such as IRAs, to pull out more than the...

The IRS has announced contribution and benefit limits for qualified retirement plans for 2022. The contribution limit for employees who...

It took more than four decades for congress to raise the age for required minimum distributions in 2019 from 70½ to 72. Less than two...

Official confirmation that the January cost of living adjustment (COLA) for federal retirees will be 5.9% is good news. Up to a point! It...

The 'mega-backdoor Roth IRA' is on the chopping block, too, but neither is a done deal. On Sept. 13, Democrats on the House Ways and...

The Ways and Means Committee released the first draft of a major tax bill this week. While it is mostly aimed at increasing taxes to pay...

The Tax Cuts and Jobs Act raised the federal estate tax exemption considerably. Before the tax reform law, it was $5.49 million per...

Saving money for retirement is only part of ensuring a financially secure future. The other half involves making smart decisions about...

While presidential policies matter, policies never move markets uniformly Will the policies of the Biden Administration have a negative...

Use the 2021 W-4 Tax Withholding Calculator and optimize your paycheck tax withholdings and update your W-4. Input your information in...

THE IMPACT OF THE pandemic along with low tax rates makes 2021 an opportune time to convert a traditional individual retirement account...

Retirees with low incomes or whose only source of income is Social Security generally don't pay income tax on their Social Security...

Here’s what to know and how to protect yourself. Identity thieves often swipe your bank or credit card account numbers, birth date...

Many people who save money in traditional 401(k)s, Individual Retirement Accounts (IRAs) or other tax-deferred investment vehicles do so...

For the most part, trusts don’t pay taxes on their income, instead passing the income through to the trust beneficiaries. But when they...

One of the most effective avenues to a secure retirement is appropriate tax management. CIO John Cunnison points out strategies that...

I have been working a long time on retirement planning that creates more and safer income for retirees. So long, in fact, that I...

Thanksgiving is behind us, and the end of the year will be here soon. (Many of us are truly thankful for that!) This is a good time to...

As you likely know, every time you get a paycheck: 7.65% of your wages are subtracted from your paycheck and go to Social Security and...

If you’re lucky enough to win the lottery or have a pension plan, you may need to decide whether you want to take your earnings in a lump...