I’m not under any illusions. I realize that most people would prefer to think about taxes as little as possible. It’s simply not a subject that brings us to the edge of our seat. Nonetheless, I consistently find myself writing about retirement tax strategy more than any other planning topic for two reasons. First, because …
While most of us spent the last week of December unwinding from our holiday festivities, congress was busy pushing though a broad-based retirement tax bill. The Secure Act 2.0 enacted dozens of seemingly trivial changes to retirement account rules. For most people these changes won’t even register on the retirement planning Richter scale. However, upon …
3 New Retirement Tax Strategies From Secure Act 2.0 Read More »
Unlike the pension generations before us, today most retirees rely on IRA accounts as their primary retirement income source. The money in your IRA is characterized as tax-deferred, meaning you haven’t paid taxes on it yet. A good way to think about tax-deferment is as a business agreement that you have with the US government. …
