Retirees face the challenge of managing their income sources to ensure they are meeting their tax obligations to the IRS. The quarterly estimated tax deadlines can be a burden, but there is a lesser-known year-end strategy that can help retirees cover their taxes while still staying compliant with IRS rules. Experts recommend using required minimum
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After funneling money into pretax retirement accounts, one will eventually encounter required minimum distributions (RMDs) during retirement. While RMDs might lead to higher taxes, they can present an opportunity to optimize your portfolio, according to experts. Certified Financial Planner Matthew Saneholtz, Chief Investment Officer and Senior Wealth Advisor at Tobias Financial Advisors in Plantation, Florida,
As the race for the White House intensifies, former President Donald Trump and Vice President Kamala Harris have unveiled their economic agendas, with tax changes taking center stage. The Tax Cuts and Jobs Act (TCJA), enacted by Trump, is set to expire after 2025, potentially leading to higher taxes for more than 60% of taxpayers