RETIREMENTGUY

The IRS has announced the annual inflation adjustments for the year 2024, including tax rate schedules, tax tables and cost-of-living...

Tax Day is almost here for most people, so you'll want to file your federal income tax return soon to avoid IRS penalties. The last day...

Tax season is here, and many investors are looking at their capital gains and losses in 2023 to determine what they will owe in taxes....

Key Takeaways Money can’t stay in an IRA or 401(k) forever. Your required beginning date, or RBD, is when you have to start taking the...

Inherited IRA beneficiaries should be aware of several important tax considerations — especially considering recent rule changes and...

Deciding when to take Social Security benefits is one of the most important questions to answer in planning your retirement strategy....

The holiday season is the perfect time for families to discuss charitable giving. With everyone gathered for holiday get-togethers, an...

Cooling inflation and a recent stock market surge have delivered a welcome comeback for many retirement savings accounts. Toss in the...

The gift tax exclusion (a.k.a., the gift tax limit or gift tax exemption) allows you to give money or property each year to family...

Are pensions taxed? Most states tax at least a portion of the income from many types of retirement benefit plans. Your state might have a...

Employees of publicly traded technology companies are familiar with the roller-coaster ride stock prices have been on in recent years. In...

One of the more controversial aspects of the tax code in the United States is that it effectively incentivizes homeownership. For...

The increasing likelihood of a government shutdown is spotlighting several federal agencies. But the IRS has been in the news lately,...

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...

Typically, the conventional wisdom suggests a sequential approach to account withdrawal post-retirement, starting with taxable accounts,...

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...

Just updated for 2023: Use this Roth Conversion Calculator to understand the tax implications of doing a Roth conversion in 2023. Compare...

When it comes to retirement planning, most people think of traditional retirement savings vehicles like 401(k) plans, IRAs and Social...

Let us first talk about Social Security tax, which is unique. And keep in mind that before 1983, Social Security benefits were not taxed....

Saving for retirement often comes with an upfront tax break when funneling money into pretax accounts. But it’s also critical to manage...