RETIREMENTGUY

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...

The goal for most parents when they ask about this is to give their children access to their money during an emergency. It seems like it...

The Setting Every Community Up for Retirement Enhancement (Secure) 2.0 Act ushers in a number of retirement planning changes that could...

Out of favor for a long while, annuities — the controversial and often misunderstood long-term insurance contracts — are getting more...

A Qualified Charitable Distribution is a mechanism by which you use your required distributions from your retirement accounts to...

As you bask in your retirement years, enjoying dinners with your friends, spending time with family, and traveling more than you did...

First and foremost, tax filing season has officially started. The IRS began accepting tax returns on Monday, January 23rd. The IRS says...

Every year, it can pay off to get organized and gather your tax documents early, both because you’re likely to receive your tax refund...

Like the previous retirement bill passed in 2019, SECURE (Setting Every Community Up For Retirement Enhancement), Secure 2.0 is based on...