How can I avoid penalties for late withdrawal of an inherited IRA?
Dear Liz: I inherited my father’s IRA through a trust in 2010. Unbeknownst to me at the time,…
Retiree With $1.2 Million Discovers Roth Conversion Doubled His First Medicare Premium
Quick Read Medicare’s IRMAA surcharge uses income from two years prior, so a Roth conversion at 63 directly…
A $1.6 Million 401(k) Faces a 40% RMD Tax Rate. Here’s How to Cut It in Half.
Quick Read A $1.6M 401(k) growing 7% annually reaches $4.4M by RMD age, pushing the first $166,000 withdrawal…
A 52-Year-Old With $1.2 Million in a 401(k) Can Access $40,000 Annually Penalty-Free at 57 Using This Strategy
Quick Read A Roth conversion ladder lets a 52-year-old convert $40,000 annually into a Roth IRA and withdraw…
Retirees Get an 11-Year Window to Convert to a Roth at Low Rates. The Average One Converts $0.
Quick Read Before RMDs begin at 75, retirees enjoy roughly an 11-year window where lower income makes Roth…
The 8-Year Window That Turns a $1.6 Million 401(k) Into a $310,000 Roth and a Bigger Social Security Check at 70
Quick Read Converting $105,700 annually into a Roth IRA over 8 years costs roughly $115,000 in federal taxes…
The Roth Conversion Mistake That Cost an Early Retiree Couple $86,400 in ACA Premium Tax Credits Before They Realized They Lost the Subsidy
Quick Read Roth conversions for early retirees on ACA marketplace plans can trigger a hidden 38% effective tax…
The 401(k) to Roth Bracket Filling Strategy That Saves a $300,000 Earner Couple $145,000 in Taxes Over 8 Years
Quick Read $400,000 Roth conversion over 8 years at 12% saves $145,000 vs. forced 24% RMDs plus IRMAA…
The 401(k) Mega Backdoor Roth Strategy a Tech Worker Used to Build $750,000 of Roth Wealth in Six Years
Quick Read Meta (META) engineer earning $200k can convert $36,250 yearly after-tax 401(k) contributions to Roth, building $750,000…
How Engineering Executives Structure Their 401(k) to Pay Under 10 Percent Effective Tax in Retirement
Quick Read Roth 401(k), HSA, and traditional 401(k) coordination drops $200,000 annual spending to ~1% federal tax via…
A 60-Year-Old With $1.7 Million in a 401(k) Has Three Years to Execute the Most Consequential Tax Move of Retirement
Quick Read $310,000 Roth conversion at 17% effective rate before age 63 beats 24% RMD tax plus IRMAA…
The 401(k) to Roth IRA Rollover That Lets Retirees Pay Zero Taxes on Their Medicare Premiums
Schwab U.S. Dividend Equity ETF (SCHD) yields 3.46% and produces tax-free income within a Roth IRA without affecting…