Introduction A 401(k) retirement plan is one of the most powerful ways to reduce taxable income and grow wealth for retirement. The IRS updates contribution limits each year, allowing...
Introduction Many retirees are surprised to learn that Social Security benefits may be taxable. Depending on your total income, up to 85% of your Social Security could be subject...
Introduction Retiring before age 59½ may sound ideal, but it requires careful tax planning to avoid penalties and preserve your savings. Without smart strategies, early retirees may face steep...
Introduction Rolling over your 401(k) into an IRA can give you greater control over your investments, potentially lower fees, and broader choices—but doing it wrong could trigger unintended taxes...
Introduction Retirement may be the finish line for your career, but it’s also the starting line for a new phase of tax planning. The years leading up to retirement...