Taxes
Showing 50 results of 607
I'm a Financial Planner: Here Are Five Lesser-Known Ways to Avoid Estate Tax
May 11 2025
The clock is ticking on the estate and gift tax provisions in the Tax Cuts and Jobs Act, so the sooner you act on removing assets from your estate, the better....
kiplinger.com
The Secret to Saving Big on Taxes in Retirement (Ep. 19)
May 10 2025
What if you could turn your biggest retirement expense into your greatest savings opportunity? In this episode, Tyson and Ryan Thacker from B.O.S.S. Retirement Solutions sit down with Brandon Olson,&h...
bossretirement.com
Secrets to Minimizing Taxes on Your Retirement Income (Ep. 17)
May 10 2025
Why are taxes one of the biggest retirement expenses, and how can you minimize them? Join Ryan and Tyson Thacker for an episode of Retirement Solutions The Podcast as they…...
bossretirement.com
Ask the Editor, May 9 — Reader Questions on QCDs
May 09 2025
In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on qualified charitable distributions (QCDs)....
kiplinger.com
18 Signs Someone Is Economically Illiterate (According To A Recent X Poll)
May 08 2025
You’ve probably come across people who act like financial experts, until they say something that instantly gives them away. It doesn’t take much. One comment about taxes, cars, or credit c...
dadisfire.com
Get Your Tax Bill Down
May 08 2025
Answering reader questions about tax-loss harvesting, tax implications for changing your 529 beneficiary, gift tax rules, tax withholdings, and the home office deduction. The post Get Your Tax Bill Do...
whitecoatinvestor.com
Big Tax Deduction Increase Proposed for Those Over Age 65
May 08 2025
A new bipartisan bill could mean bigger retirement tax savings to offset taxes on Social Security and high prices....
kiplinger.com
Six Ways to Use AI to Improve Your Financial Life
May 06 2025
While they can't replace human advisers, AI-based tools can take some of the guesswork out of financial tasks — from budgeting to filing taxes and investing....
kiplinger.com
The Future of Opportunity Zones: Outlook for 2025 and Beyond
May 05 2025
There are three potential paths forward for this innovative tax incentive program that's set to expire in 2026....
kiplinger.com
The 3 Parts to a Perfect Estate Plan – Part 2b: Tax Considerations
May 05 2025
In this episode, we cover key tax considerations around wealth transfer. We cover the differences between federal estate tax and state inheritance tax, and explain why the stepped-up basis is such a p...
sites.libsyn.com
? AARP Backs Bill to Reduce Tax Burden for Seniors (AARP Article)
May 05 2025
FROM THE ARTICLE: Legislation to Reduce Tax Burden on Older Americans. Bill would boost deductions for those ages 65+, helping offset Social Security income taxes. By Emily Paulin, AARP. Published May...
community.aarp.org
Ask the Editor, May 4 — Questions on Tax Deductions, Losses
May 04 2025
In our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers readers' questions on tax deductions and losses....
kiplinger.com
Valuable State Tax Breaks for Retirees in 2025
Apr 30 2025
Selecting the right state for retirement can significantly impact your financial well-being....
kiplinger.com
Recent Case Evaluates Whether Mom’s Transfer To Son Was A Loan Or Gift
Apr 30 2025
Family loans are a common transaction that if not handled properly could create IRS issues for gift, estate or income tax, and issues with creditors or ex-spouses....
forbes.com
The Most Powerful Tax-Free Retirement Tool: Start Leveraging Your HSA Now
Apr 30 2025
Health Savings Accounts (HSAs) don’t get much attention—but they should. With triple tax advantages (tax-free contributions, growth, and qualified withdrawals), HSAs offer a level of flexi...
buzzsprout.com
It’s Time To Buy Muni Bond Funds—Here’s Why And Where
Apr 27 2025
Thias guide to tax-exempt bond funds has 40 Best Buys...
forbes.com
Tax Credit Reduces Disabilities Among Older Workers
Apr 27 2025
To improve low-income households’ economic well-being, the social safety net provides both cash assistance and additional resources to support a better lifestyle – safer housing, more educ...
crr.bc.edu
FIRE in San Francisco: Updated Projections After Taxes, Social Security, and Housing Scenarios
Apr 26 2025
I received many questions after concluding in my post “How Much is Enough to FIRE in San Francisco” that $5,654,000 was enough to cover my current and planned future spending needs....
faangfire.com
When is the Best Time to Realize Gains in my Investment Account?
Apr 23 2025
If you’re sitting on large investment gains in a brokerage account and wondering whether it’s worth taking the tax hit, this episode is for you. I walk through a clear framework I use with...
buzzsprout.com
Trump’s Tax Cut Risks Your SNAP, Medicaid Benefits
Apr 22 2025
The GOP budget blueprint could slash lifesaving programs for millions of U.S. households....
kiplinger.com
Stay Tax Aware in 2025
Apr 22 2025
It's important to stay tax aware when it comes to your finances. On this episode, we explore some of the latest updates for 2025. Glenn is available for in person and online meetings if you'd like to ...
retirementroadmappodcast.podbean.com
Recast mortgage or hold after-tax money for retirement investing
Apr 19 2025
I just retired and had to buy a house late. I am in year 3 of a 30 year mortgage at 6.375%. I have enough in pre-taxed income, 401k, HSA, and Roth to live comfortably but not lavishly. Would I be smar...
reddit.com
Four Takeaways From Filing Your Taxes to Boost Your Financial Future
Apr 18 2025
Now that another tax season is in the rearview mirror for most of us, what lessons can you take from what you learned about your finances to plan for the future?...
kiplinger.com
How to Tax-Loss Harvest with Vanguard
Apr 18 2025
Tax-loss harvesting is a strategy where you sell losing positions to get a tax deduction. Here's how to tax-loss harvest with Vanguard. The post How to Tax-Loss Harvest with Vanguard appeared first on...
whitecoatinvestor.com
First 100 Days: Trump's Impact on Your Finances
Apr 17 2025
Here are some opportunities to consider regarding investing, interest rates and tax cuts as the financial landscape shifts under the new administration....
kiplinger.com
What Would Happen if You Put Your Tax Refund in an IRA?
Apr 17 2025
Not only could you get a tax break, but the compounding effect over 35 years could turn the average refund into nearly $14,000....
kiplinger.com
A QLAC Does So Much More Than Simply Defer Taxes
Apr 16 2025
Here are the multiple ways you can use a QLAC, from managing retirement risks to creating income for specific retirement needs and wants....
kiplinger.com
High State Income Taxes: The Ugly, the Bad, and the Good
Apr 14 2025
Last year, I paid six figures worth of state taxes. How can I justify continuing to live in this state when it costs so much money to do so? The post High State Income Taxes: The Ugly, the Bad, and th...
whitecoatinvestor.com
Tax Day Poses New Dilemmas for Retirees
Apr 14 2025
You may find filing your taxes to be more complicated than when you worked full time....
money.usnews.com
A Confident Retirement Starts With These Four Strategies
Apr 13 2025
Work your way around income gaps, tax gaffes and Social Security insecurity with some thoughtful planning and analysis....
kiplinger.com
Up to 85% of your Social Security benefits could be taxes – take these steps now!
Apr 12 2025
To read this story on KSL.com, click here. Up to 85% of your Social Security benefits could be taxed. Many families planning for retirement don’t realize this – or how…...
bossretirement.com
Please Clarify About Earning Limits/Deductions before full retirement age
Apr 12 2025
Hi Everyone: I hope somebody can clarify something I am confused about if you collect Social Security and choose to work as well (before full retirement age). I understand in 2025 if under the full re...
community.aarp.org
Markets Roller Coaster: Resist the Urge to Make Big Changes
Apr 11 2025
You could do more harm than good if you react emotionally to volatility. Instead, consider tax-loss harvesting, Roth conversions and how to plan for next time....
kiplinger.com
How to file a tax extension: Everything you need to know
Apr 11 2025
Not ready to file taxes by April 15? Here's how to file an extension with the IRS. Some states have been declared federal disaster areas, providing some taxpayers automatic extensions....
empower.com
Widow's Penalty: Three Ways to Protect Your Finances
Apr 10 2025
Higher Medicare premiums, smaller Social Security payments, bigger tax bills … Financial changes can hit hard when a spouse dies. How to counter the blow....
kiplinger.com
5 Ways to Transform Tax Season into an Opportunity with Grayson Blazek, Ep #237
Apr 10 2025
Tax planning might not top everyone's list of leisure activities, but in the middle of tax season there’s a hidden opportunity. What if, instead of seeing it as a mere logistic hurdle, we embrac...
financialsymmetry.libsyn.com
4 Things You Can Do with Required Minimum Distributions (and 1 You Can’t)
Apr 08 2025
Some people are annoyed by having to collect Required Minimum Distributions and pay taxes on them. But here are some good ways to use them. The post 4 Things You Can Do with Required Minimum Distribut...
whitecoatinvestor.com
Are You Ready to Pay More Taxes to Save Social Security?
Apr 08 2025
Across party lines, many believe saving Social Security trumps other financial considerations....
kiplinger.com
Maximize Your Retirement Tax Savings: How to Maximize Tax-Saving for Each Account
Apr 08 2025
Want to pay less in taxes during retirement? You actually have more control over your tax rate than you might think. James breaks down how different investment accounts—like brokerage accounts, ...
buzzsprout.com
Will the Tax Cuts and Jobs Act Be Extended? - 524
Apr 08 2025
Will your taxes go up? Stay the same? Go down, even? Jeffrey Levine is Chief Planning Officer at Focus Partners, Professor of Practice in Taxation at the American College of Financial Services, and th...
purefinancial.com
Reduce Your Retirement Tax Risk With the Three-Bucket Strategy
Apr 07 2025
Splitting retirement funds into three buckets with distinct tax treatments can help you avoid a nasty tax bill down the line. Here's how the strategy works....
kiplinger.com
What to Do With Your Tax Refund: 6 Ways to Bring Growth
Apr 05 2025
Use your 2024 tax refund to boost short-term or long-term financial goals by putting it in one of these six places....
kiplinger.com
Video: Taxes in Retirement Office Hours
Apr 04 2025
Planning for the future should involve strategizing to minimize taxes. Explore 25 tips to help you plan, do retirement tax filings, and save money. The post Video: Taxes in Retirement Office Hours app...
boldin.com
14 Ways the Ultra-Rich Pay Less in Taxes (While You Pay More)
Apr 02 2025
The ultra-rich don’t waste time complaining about taxes like everyone else. They know the game, and they play it better than anyone. While most people see taxes as unavoidable, the wealthy treat...
dadisfire.com
How to Travel Hack with Your Rent and Taxes
Apr 01 2025
To reach financial independence, you need to be unconventional. When everyone else owned a car, we took public transit. When everyone else ate out, we packed our lunches. When everyone else bought a h...
millennial-revolution.com
U.S. Treasury to Eliminate Paper Checks: What It Means for Tax Refunds, Social Security
Mar 31 2025
President Trump signed an executive order forcing the federal government to phase out paper check disbursements by the fall....
kiplinger.com
A slice of paradise, fractionally owned: The shift in vacation homeownership
Mar 31 2025
Owning a vacation home seems like the dream, until factoring in maintenance, property taxes, and the reality of only using it a few weeks a year....
empower.com
Video: Get Started Series 1, A Tour of the Boldin Planner
Mar 30 2025
Planning for the future should involve strategizing to minimize taxes. Explore 25 tips to help you plan, do retirement tax filings, and save money. The post Video: Get Started Series 1, A Tour of the ...
boldin.com
RMD Deadline April 1: Five Tax Strategies to Manage Your 2025 Income
Mar 30 2025
The April 1, 2025, deadline for required minimum distributions (RMDs) is fast approaching for retirees who turned 73 in 2024....
kiplinger.com
Taxes in Retirement: 25 Terrific Tax Planning Tips for a Wealthier 2025 and Beyond
Mar 28 2025
Planning for the future should involve strategizing to minimize taxes. Explore 25 tips to help you plan, do retirement tax filings, and save money. The post Taxes in Retirement: 25 Terrific Tax Planni...
boldin.com
Popular Topics
Filter content by these topic groups:
About Taxes
Retirement income can be subject to taxes depending on the specific type of retirement account or benefit you receive and your tax bracket. Here are a few examples of common types of retirement income and how they may be taxed:
1. Social Security benefits: Social Security benefits are generally taxable if you have other substantial income in addition to your benefits. The amount of tax you pay on your benefits depends on your taxable income and tax filing status.
2. Traditional Individual Retirement Account (IRA) and 401(k) withdrawals: Withdrawals from traditional IRAs and 401(k)s are generally taxed as ordinary income at your current tax rate.
3. Roth IRA withdrawals: Withdrawals from Roth IRAs are generally tax-free if you are over the age of 59 1/2 and you have held the account for at least five years.
4. Pension income: Pension income may be taxed as ordinary income or as a combination of ordinary income and a return of your contributions, depending on the specific terms of the pension plan.
It's important to be aware of the tax implications of your retirement income and to consider them as you plan for retirement. It may be helpful to consult with a tax professional or financial advisor to understand how your retirement income will be taxed.