Required minimum distributions from retirement accounts are generally unavoidable for retirees – unless they want to incur a substantial penalty for not taking them. For those who don’t need the money (or the tax bill), this can lead to resenting RMDs. Today’s article, however, outlines how, rather than being a necessary evil, RMDs can actually serve as an opportunity to…
The GOP’s new tax bill – the Tax Cuts and Jobs Act (TCJA) – is far from a done deal (see the GOP’s failure on healthcare reform). Still, the author of today’s article advises that “those living in retirement and saving for retirement should start to review their sources of income, their expenses, prior tax returns, and conduct what-if analyses…
“As Tax Day approaches…you may be looking at a whopper of a tax bill and wondering where you’ll find the money to pay it. And then you might think: Hmmm, I have some money sitting in my 401(k). Maybe I should take out a 401(k) loan to write a check to the IRS….” Today’s article examines the benefits, cost and…