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(Updated) There are lots of important numbers that people need to keep in mind. In some cases, those numbers are annual limits and change each year. Other times, the figures do not change, like the tables to calculate an RMD, but are used frequently. As a result, it can become easy for people to forget which figures should be referenced...

401(k)s and IRAs have many unique features that may be meaningful to you depending on your situation. The decision involves a discussion that is about more than just fees and investment selection...

There are many different considerations that affect one’s ability to contribute to a Traditional IRA or a Roth IRA. To make matters worse, the contribution limits usually change from one year to the next...

If you earns too much, you are unable to make a regular contribution to a Roth IRA. But there is a workaround called the Backdoor Roth Contribution. There are many complicated steps that must be considered and if done improperly can result in significant penalties...

Converting a portion of an IRA to a Roth IRA is complex process that involves many moving parts and can have some unintended consequences if not properly handled, including a possible impact on Medicare premiums two years after the conversion...

Some people may have unique circumstances that could result in a distribution from a Roth IRA being taxed or penalized. Many of these situations rarely come up, which makes it hard to remember the usual distribution rules from a Roth IRA...

There are many different considerations that affect one’s ability to contribute to a Traditional IRA. To make matters worse, the contribution limits usually change from one year to the next...

Some people may have unique circumstances that result in a possible impact on the taxes (and penalties) that must be paid if a distribution is taken from their Traditional IRA. The exceptions to the usual distribution rules can be hard to remember especially since many exceptions rarely come up...

The rules surrounding the Required Minimum Distribution are complicated and often require a few conversations to help people understand the issues that must be considered...

Beyond the joy brought to parents from having or adopting a child, this is a huge financial transition in their lives. There are a number of issues to consider including how the costs of caring for a child will impact both their short-term cash flow and their long-term saving and wealth-building objectives...

Becoming a caregiver for your aging parents can be a drain emotionally and can carry financial ramifications both for parents and for the caregiver children. Helping people understand and manage the financial issues involved can help make the situation a bit easier for them...

Buying a home is one of the biggest financial moves that people will ever make. There are a number of issues they should be aware of, including how the costs of purchasing and owning a home will impact their overall financial planning goals...

The health insurance decision for early retirees can be very complicated. It can be one of the more stressful decisions an early-retiree must make...

People who expect to receive a Social Security benefit and a government pension may see their Social Security benefit reduced due to the Windfall Elimination Provision...

People who are receiving a government pension and a Social Security spousal, widow or widower’s benefit based on their spouse or ex-spouse’s work history may be impacted by the Government Pension Offset...

Business owners who are considering a retirement plan for their business have many options. While a traditional 401(k) is a well-known option among business owners, there are many cases where other retirement plan options may be better suited for the business and the owner...

In most cases, Medicare eligibility is straightforward. But there are some situations where a person may not have the required 40 Social Security work credits to be eligible for Medicare. While this is an uncommon situation, it is far from rare. There are many follow-up questions that should be considered to determine if they are eligible for Medicare...

If the rules are not followed correctly, Medicare enrollment penalties can be significant. This is especially important to consider for people who plan to continue working after turning age 65. Depending on their situation, they may be subject to these penalties.

Determining when a person must enroll in Medicare can be complicated. Depending on their situation, they may be automatically enrolled or they may have to proactively enroll. If they must follow the Initial Enrollment Period rules, there is the added complication of determining when coverage starts...

There are a lot of moving parts when it comes to deciding what health insurance is most appropriate for a person about to retire. This is especially true for people who may not be ready to apply for Medicare...

Under Social Security, spousal benefits present an important source of income for many people. But there several important issues that must be addressed...

Social Security is one of the more complicated decisions that a person must consider. There are a multitude of rules that can have a significant impact on the amount they will receive each month...

Social Security spousal benefits present an important source of income for many people. But there are several important and unique Social Security issues that must be addressed for any person that has recently lost their spouse...

There are a few options a person can consider in dealing with a Traditional IRA they inherited from a non-spouse. Most options deal with the implications of the RMD. The rules and the implications of each option can be confusing...

Investing money into a 529 plan can be an effective strategy to save for college.  There are, however, some overlooked nuances related to some 529 plan distributions. And often times, those nuances are not addressed (or even discovered) until after the distribution has occurred and the person is stuck paying taxes unexpectedly...

This checklist covers 18 of the most important planning issues to identify and consider for a person before updating their estate plan...

In most cases, there is no step-up in basis when property is gifted. But there are a few exceptions and those exceptions can be difficult to remember...

Social Security benefits for a divorced individual can be confusing. There are several important and unique Social Security issues that must be addressed before any divorced individual begins to collect Social Security...

There are a few options a spouse can consider in dealing with the IRA they inherited from their spouse. Some options are more limiting, while other options are more flexible. The rules and the implications of each option can be confusing...

People sometimes find themselves in the position of losing their job. In today’s corporate world downsizings and reorganizations are increasingly common. Losing your job should trigger some actions...