#retirement-taxes

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Retirement
from24/7 Wall St.
5 days ago

In 2026, RMDs Are Still Costing Retirees a Fortune and It Needs o Stop

Retirees must take Required Minimum Distributions from tax-deferred accounts starting at age 73, triggering taxable income and stiff penalties for missed withdrawals.
Retirement
from24/7 Wall St.
6 days ago

Dave Ramsey On Roth vs. Traditional 401(k)

A Roth 401(k) requires paying taxes on contributions now, enabling tax-free withdrawals of both principal and investment growth in retirement.
US politics
from24/7 Wall St.
6 days ago

Retirees Beware: The 8 Worst States for Taxes on Your Nest Egg in 2026

State tax structures and combinations of income, property, and estate taxes can dramatically reduce retirees' savings and affect retirement duration and inheritance.
US news
from24/7 Wall St.
1 week ago

Ouch: A Retiree's $40,000 Dividends Suddenly Makes 85% of Social Security Taxable

Retirees with substantial portfolio income can trigger taxation of Social Security and higher tax brackets, producing unexpectedly large tax bills.
from24/7 Wall St.
1 month ago

Today Is the Last Day to Take Your RMDs Without a Steep Penalty

Saving for retirement in a traditional IRA or 401(k) can make more sense than socking money away in a Roth account. That's because traditional retirement accounts give you a tax break on your contributions. If you're a higher earner in a higher tax bracket, that tax break may be very valuable to you. Plus, you might earn too much money to contribute to a Roth IRA directly, making a traditional IRA a better bet.
Retirement
from24/7 Wall St.
3 months ago

The Top 10 Most Popular Strategies for Reducing Taxes in Retirement

You worked hard for your money all your life so keeping the greatest part of it out of the taxman's icy grip begins by planning early. There are numerous paths to take to minimize your retirement tax bill, and some are quite complicated and complex strategies that need years of planning to come to fruition. Because retirement planning is no longer a straightforward effort, consult with a tax professional and a financial planner early on to make best use of the options available.
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