5 Big Changes to Roth Accounts in Secure Act 2.0
The Secure Act 2.0 was signed into law December 29th, 2022, bringing more major changes to tax law. Among the most notable changes include a
Category: Secure Act
3 Strategies to Minimize Taxes on Required Minimum Distributions (RMDs)
Looking for ways to minimize taxes on RMDs? For wealthy retirees, mandatory distributions from retirement accounts can cause taxes to increase sharply. As with all
Should You Take a Pension or a Lump Sum?
Should You Take a Pension or a Lump Sum? Deciding between a lump sum or receiving pension benefits monthly requires careful planning and consideration. Though
Calculating How Much Charitable Donations Will Reduce Taxes
How much charitable giving will reduce taxes depends on what you donate. The tax deductions for charitable giving will vary for donations of cash, stock,
Retirement Planning Strategies for Single Women
Retirement Planning Strategies for Single Women Single and unmarried individuals may be accustomed to being completely self-reliant, but when it comes to saving for retirement,
Do You Pay Tax on an Inheritance?
Do You Pay Tax on an Inheritance? What’s the tax treatment of an inheritance? Depending on what type of asset you inherit, it could be