Factor in taxes if you’re relocating to another state in retirement
November 5, 2021
Moving closer to family members and taking advantage of warmer weather are just two reasons why many people retire to another state. Don’t forget to consider state and local tax implications before you make a move.
Thinking about participating in your employer’s 401(k) plan? Here’s how it works
October 28, 2021
If you’re fortunate to have an employer offering a 401(k) plan, you may wonder if you should participate. Here are the basic features of these plans.
Double-check the rules on spousal consent for 401(k) distributions
September 27, 2021
The rules for when an employer must require spousal consent for a 401(k) distribution or loan are subject to many conditions. Here’s a brief review.
IRS provides guidance on ARPA changes to pensions
August 17, 2021
Some employers still offer defined benefit pension plans. If you’re one of them, be sure to review changes explained in new IRS guidance.
Are you a nonworking spouse? You may still be able to contribute to an IRA
June 29, 2021
Married spouses who don’t work outside the home may still be able to contribute to an IRA. Here are the rules for 2021 for spousal IRAs.
Seniors may be able to write off Medicare premiums on their tax returns
June 22, 2021
If you have Medicare insurance (including supplemental), you know it can be expensive to get the coverage you want. But you may be able to deduct the cost of premiums, along with other medical expenses, on your tax return. Here are the rules.
