Tag: taxable income
Browse our exclusive articles!
Ask an Advisor: I Withdrew $60k from My Retirement Plan This Year Which Increased My Medicare Premiums. Is It Permanent?
I'm 71 years old and my current Thrift Savings Plan (TSP) balance is $315,000 after withdrawing $60,000 this year. This...
We’re 65 With $1.9 Million in Retirement Funds and $5,200 Social Security. What’s Our Budget?
SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. To really build a complete retirement budget...
I Want to Move $720k to a Roth IRA – Are There Ways to Cut Conversion Taxes?
As an example, let’s consider a single filing taxpayer who wants to roll over $720,000 from an old 401(k) to a Roth IRA. Here...
With $1 Million in My 401(k), Should I Start Converting $100k a Year to a Roth at 62?
Roth IRAs are not subject to RMD rules, so converting a pre-tax account to a Roth portfolio is generally the easiest way to avoid...
Ignore social media. Here’s what Harris’ unrealized capital gains tax proposal means for you
A tax proposal embraced by Vice President Kamala Harris that’s meant to target the wealthy is getting attention in an unlikely place for wonky...