One of the positive features of the SECURE Act, passed in 2019, was that it eliminated the restriction that if you had reached age 70 1/2, you could no longer make IRA contributions.
Retirement may seem a long way off, but it's important to plan for the retirement you desire.
Confused about Social Security and IRA benefits under certain life circumstances? Find answers from The Savings Game.
Retirees are surprised to dind as much as 85% of their Social Security benefits could be taxable., depenings on their amount of provisional income, which includes half of their Social Security benefits plus other sources that contribute to adjusted gross income (AGI), such as wages, dividends, and capital gains.
Slott says a traditional IRA is an IOU to the IRS, so he believes in looking for alternatives.
Did you know there’s a way to support your favorite charities and save money on your taxes?
Many workers aren’t ready to retire at the traditional retirement age of 65 and instead continue working into their 70s. While they can postpone retirement, they can’t entirely delay taking required minimum distributions (RMDs) from tax-deferred retirement accounts. If you’re working into your 70s, here’s what you need…