From withdrawals to conversions, taxes in retirement can be a balancing act. After a fruitful career and plenty of practice paying taxes, you may feel prepared for the tax man in retirement. But a review of your post-retirement taxable income may yield some surprising...

How your retirement savings can continue working for you. You’ve spent many years saving in preparation for retirement. You’ve planned strategically to get here and have secured the resources necessary to ensure lasting comfort for yourself and your family. Now that...

A person turning 65 today has a nearly 70%1 chance of needing some type of long-term care in their retirement years.  If you’re among the 15 million people who will turn 65 by 20242, it’s imperative to understand the different ways to preserve your assets and...

Some beneficiaries who inherited an IRA in 2020, 2021, or 2022 will not face withdrawal penalties until 2024. If you inherited a retirement account in 2020, 2021 or 2022, you may be affected by a recent IRS decision. The IRS may not expect required minimum...

Learn what makes a good franchisor and how to get started. According to the International Franchise Association, there are nearly 800,000 franchises in the United States. And there’s no reason your business can’t be one of them. The space is expected to continue...

Start the new year right by reviewing and revamping your financial plan. Instead of hauling out those familiar New Year’s resolutions about keeping a journal or drinking more water, how about focusing on your financial well-being? Here’s a set of resolutions that can...

New legislation may affect your philanthropic strategy. Donations are more crucial than ever. In response to recent natural disasters, global inflation, war and a worldwide pandemic, givers stepped-up and expanded the charitable landscape. And now, the SECURE Act 2.0...

Hint: It’s about more than the weather and scenery. Dreaming of a sunny retirement? Or one with a mountain view? Where you retire depends on more than the weather and the scenery. Different states have different tax considerations – and taxes can have a major effect...

Some scenarios point to Yes, others say No. If a Roth IRA conversion means tax-free withdrawals in retirement and a more substantial inheritance for your heirs later on, it sounds like a no-brainer. But converting a traditional IRA to a Roth doesn’t make sense for...

The adjustment in basis is a crucial tax consideration – what can it mean for you? A sometimes-overlooked component of estate planning, the adjustment in cost basis, can be a taxation game-changer. Under this tax provision, an inherited asset’s cost basis is...