Most people who inherit an IRA or 401(k) now have ten years to empty it, and many must also withdraw something every year. How the rules sort beneficiaries, what spouses can do, and how to spread the tax.
Open enrollment runs October 15 to December 7. What to review in drug plans and Advantage networks, how the IRMAA surcharge is set from income two years back, and when to ask Social Security for a lower amount.
A will and a revocable trust do different jobs, cost different amounts and leave your family with different work to do. Here is an honest comparison for Utah families.
RMDs start at 73 for most retirees today and 75 for younger ones. Here are the 2026 rules, the penalties, and the five ways to shrink the tax bill they create.
For a married couple, Social Security is two decisions that affect each other for the rest of both lives. Here is how the spousal and survivor rules work and how we help couples choose.
Not everyone needs a trust. A will is the foundation of nearly every estate plan, and for a simple estate, a will plus up-to-date beneficiary designations may be enough. A revocable living trust usually earns its higher upfront cost in six situations: a blended family, real estate in more than one state, minor or young … Read more
If you’re planning to retire in Utah, or you already have, it’s worth knowing exactly how the state treats your income. The short answer: Utah taxes most retirement income, including Social Security, at a single flat rate. The longer answer is better news. Credits can wipe out the state tax on Social Security for many … Read more
Ask most people what their retirement plan is, and you’ll get one of two answers. Either a number, some version of “I need two million dollars,” or a shrug. Neither one is a plan. A number without a purpose behind it is just anxiety with more zeros, and a shrug is just anxiety without them. … Read more
For many retirees, the years between leaving work and starting required minimum distributions are the lowest-tax years they’ll ever have. The paycheck has stopped, Social Security may not have started and the IRS hasn’t yet required withdrawals from traditional IRAs and 401(k)s. A Roth conversion before RMDs uses that window to move money into tax-free … Read more