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RetirementGuy
Jan 12, 20231 min read
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)...
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RetirementGuy
Jan 5, 20231 min read
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...
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RetirementGuy
Dec 29, 20221 min read
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...
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RetirementGuy
Dec 29, 20221 min read
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...
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RetirementGuy
Dec 29, 20221 min read
Secure Act 2.0 — Here’s What You Need to Know
If you'll recall, the original Secure Act was passed at the end of 2019. It raised the Retired Minimum Distributions (RMD) age to 72,...
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RetirementGuy
Dec 22, 20222 min read
10 things to consider before year end
Here are ten things that you might consider doing before the end of the year to ensure that you are well-prepared for tax season and have...
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RetirementGuy
Dec 22, 20221 min read
Congress may pass new retirement rules. These 7 changes are on the table
There soon may be new retirement rules in place that could make it easier for Americans to accumulate retirement savings — and make it...
184 views0 comments


RetirementGuy
Nov 25, 20221 min read
How to Invest in Qualified Opportunity Zones: Step-By-Step
The primary benefit of investing in these communities under a qualified opportunity zone program is the deferral of capital gains tax...
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RetirementGuy
Nov 25, 20221 min read
Benefits of a 1031 Exchange
Here’s the good news: The real estate your about-to-retire client owns has increased in value significantly since they bought it. The...
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RetirementGuy
Nov 3, 20221 min read
When RMDs Loom Large, QCDs Offer a Gratifying Tax Break
When you were younger and busy building your nest egg, it’s likely you didn’t give much thought to the impact required minimum...
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RetirementGuy
Oct 31, 20221 min read
18 States With Scary Death Taxes
Most people shouldn't be afraid of federal "death taxes." For 2022, only estates worth $12.06 million or more ($24.12 million or more for...
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RetirementGuy
Sep 8, 20221 min read
Using Asset Location to Defuse a Retirement Tax Bomb
Asset allocation refers to how a portfolio is allocated to various asset classes that have different historical investment returns and...
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RetirementGuy
Sep 8, 20221 min read
6 More States Stop Taxing Military Retirement
In 2022, six more states have joined the ranks of those exempting, or partially exempting, military retirement pay from state income tax...
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RetirementGuy
Sep 1, 20221 min read
What’s in the New 401(k) Retirement Bills
Retirement plans could see some major changes if proposed new legislation is approved by Congress. “They have so many bills,” says Ed...
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RetirementGuy
Aug 25, 20221 min read
Is Your Retirement Portfolio a Tax Bomb?
Conventional wisdom suggests you should save everything you can in tax-deferred retirement accounts to minimize taxes in the current year...
101 views0 comments


RetirementGuy
Jul 21, 20221 min read
33 States with No Estate Taxes or Inheritance Taxes
The 2017 tax reform law raised the federal estate tax exemption considerably. Before that law was enacted, the exemption was $5.49...
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RetirementGuy
Jul 7, 20221 min read
6 States With The Lowest Overall Tax Burden
Depending on your income in 2021, you may be feeling the pain of paying your taxes. Perhaps, you hurt when you look at your paychecks and...
131 views0 comments


RetirementGuy
Jun 30, 20221 min read
New Rules for Rollover Retirement Accounts Are Coming Friday
Later this week, advisors handling retirement portfolios will face new requirements to ensure that the advice they are providing is in...
67 views0 comments


RetirementGuy
Jun 9, 20221 min read
State-by-State Guide to Taxes on Retirees
At one time or another, pretty much everyone approaching retirement or early in retirement thinks about spending their golden years in a...
144 views0 comments


RetirementGuy
Jun 2, 20221 min read
Preserving Estate Wealth Using Tax Benefits for Business Real Estate
How can a small business owner pass an interest to heirs without triggering a significant estate tax bill? Despite generous tax breaks,...
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