Retirement and the effects of aging come with a lot of changes, but at least one thing remains constant. Every year, Uncle Sam wants to make sure you’re paying any taxes you might owe him, and that’s true whether you are retired or not. That said, though, there are tax rules that are specific to… Continue reading Tax Time During Coronavirus: What Retirees Need to Know
Tag: retirement accounts
Retirement Accounts and Your Tax Burden
They have been on the leading edge of nearly everything since the first of them were born in mid-1946. Now the earliest baby boomers are on the verge of another big moment – and it’s one that many of them might prefer to avoid. This year, the first baby boomers began turning 70½, which means… Continue reading Retirement Accounts and Your Tax Burden
When Retirement Accounts Multiply, Is It Time To Consolidate?
After decades of job hopping – by necessity or design – some people have accumulated several retirement accounts, making it a confusing chore to keep track of what’s happening with their money. They may, for example, have three 401(k) accounts, a Roth IRA, and a couple of traditional IRAs. That’s just the way it is… Continue reading When Retirement Accounts Multiply, Is It Time To Consolidate?