This article explores the strategic use of this election, highlighting its potential to optimize tax outcomes for both trusts and beneficiaries while cautioning against its pitfalls.

This is read by an automated voice. Please report any issues or inconsistencies here. Dear Liz: I have $160,000 in a 403(b) retirement plan and I’m 70. I know I have to start taking required minimum ...

The primary factor in a Roth IRA conversion decision is the difference between the tax rate at conversion and the future tax rate at distribution. Tax-free growth in a Roth IRA is a significant ...

Although Roth IRAs offer tax-free gains and withdrawals, losing the up-front tax break can be a harsh blow. It's also not always such a bad idea to have some taxable income in retirement. Skip a Roth ...

When you reach retirement age, financial decisions become even more important as you are no longer generating income from working. Every choice you make about your money has a direct impact on your ...

Summary: Taxes are a big consideration when you retire because they cut into your spending power. This post lists the states that offer favorable tax rates to retirees, usually based on the source of ...

Rolling a traditional 401(k) into a Roth IRA triggers immediate taxes on the full conversion amount. Roth IRAs offer tax-free growth and withdrawals with no required minimum distributions during the ...

Roth conversions are supposed to be a clean way to swap future tax uncertainty for today's known bill, but President Donald Trump's new tax package has turned that calculation into a minefield. The ...