Showing posts for "Taxes". Show all posts
A close look at the Federal income tax brackets may influence how you tap your retirement nest egg.
It's contrary to the conventional financial planning wisdom I’ve championed for years: “Don’t give Uncle Sam an interest-free loan.” But the fact is, for no good reason other than I didn’t get around to fixing it, we had too much tax withheld last year and now we’re due a robust refund. So to try to make the best of my little mistake, here's what we plan to do with the money we're getting back.
The year is quickly winding down. For millions of Americans that means the window for taking annual Required Minimum Distributions (RMDs) from IRAs and other retirement plans is closing.