Recently, I’ve wondered if it makes sense to transfer the inherited IRA to a non-retirement account, take the tax and ...

Seven states offer exemptions for various forms of retirement income. Nine states don't have any state income tax, which also ...

One way to keep your retirement healthcare costs under control is to make smart Medicare decisions. But whether you're ...

There are currently 41 states and Washington, D.C. that do not tax Social Security benefits. The remaining nine states that ...

Learn about qualified distributions from retirement accounts, IRS rules, tax implications, and how to maximize your tax benefits while avoiding penalties.

Transferring some of your retirement savings from a tax-deferred account like a 401(k) to a Roth IRA can help you reduce or ...

In the realm of retirement planning, the backdoor Roth IRA stands out as a clever strategy for high earners seeking tax-free income during retirement. However, its advantages extend beyond personal ...

Learn what a hardship withdrawal is, who qualifies, how it’s taxed and smarter ways to handle financial emergencies without draining your 401(k).

I was the beneficiary of my late wife’s IRA and 401 (k) — but I want our kids to get the cash. Do I still have to take ...

Any time you take an IRA or 401 (k) plan withdrawal before turning 59 and 1/2, you risk a 10% penalty. Plus, by removing that ...

Imagine you’re lining up a row of dominoes. One tap — and suddenly, the whole line starts falling. That’s exactly how taxes ...

From Medicare to Social Security to tax moves, the LLM compiled the best advice for the money moves that retirees should make ...