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Heirs must act on inherited retirement accounts this year
Starting in 2025, many non-spouse beneficiaries of inherited retirement accounts must begin taking annual minimum distributions. Here are several strategies to consider.
Starting in 2025, many non-spouse beneficiaries of inherited retirement accounts must begin taking annual minimum distributions. Here are several strategies to consider.
Consider estate planning strategies to minimize the impact of taxes on your estate. Key actions may include document reviews, naming beneficiaries and the use of 529 college savings plans to enhance tax efficiency.
For 2025 tax planning, here are some income tax planning strategies that can help manage current tax bills and prepare for future changes.
Prepare for 2024 taxes by organizing forms, documenting charitable contributions, maximizing retirement savings and reporting rental income. Advance preparation can make the tax filing process smoother.
In 2025, the SECURE 2.0 Act boosts retirement savings with new rules for higher catch-up contributions, auto-enrollment and expanding access to savings plans. Here are some highlights.
State and federal agencies are providing immediate assistance and financial aid for essentials for wildfire victims in California. Here are some financial strategies to secure emergency funds and plan finances.
The Social Security Fairness Act is expected to enhance benefits for many starting in 2024 and could mean higher benefits for certain public workers.
A look at the 2025 tax rates and contribution limits means individuals may save or gift more this year. Here are the key tax figures for 2025.
Taxpayers may want to consider a Roth IRA conversion for 2024 but need to act before the end of the year to realize income this year. Here are some considerations when deciding if a Roth conversion makes sense.
To maximize tax benefits from year-end charitable giving, you may want to use strategies like lumping contributions, making qualified charitable distributions from IRAs, and gifting appreciated assets. Here are some key considerations when planning.
With year-end looming, consider taking action now to determine if annual gifts make sense. Here are some useful strategies to consider for estate planning.