Editor’s note: This is one of our classic STWS pieces, first published July 2024. We’re refreshing it today as part of an ongoing effort to keep our legacy content current — the strategy doesn’t change, but the numbers do, and ... Read More

While investors prefer to have their investments increase in value over time, sometimes an investment that has lost value can produce some good in the form of possible tax savings. The strategy that allows an investor to utilize a realized ... Read More

In this engaging second installment, we dive deeper into the essential factors to consider when contemplating a second residence in retirement. Discover the key benefits and potential drawbacks, and gain valuable insights to help you make an informed choice that ... Read More

Explore the important factors to consider when deciding whether to rent or buy a second residence in retirement. Explore the benefits and drawbacks of each option and gain insights to help make an informed decision that aligns with your lifestyle ... Read More

Discover the key changes introduced by Secure Act 2.0, focusing on some new rules and guidelines for Required Minimum Distributions (RMDs). Check Out Our Next FERS Webinar for Federal Employees – REGISTER HERE FedLife Podcast: Secure Act 2.0: Key Changes ... Read More

Discover how federal retirees can potentially reduce their Medicare Part B IRMAA charges significantly through strategic planning and well-informed financial choices. Check Out Our Next FERS Webinar for Federal Employees – REGISTER HERE FedLife Podcast: How Federal Retirees Can Lower ... Read More

Discover tax implications for delaying Required Minimum Distributions (RMDs) from your traditional TSP and IRA. Explore strategies to manage your tax liabilities effectively and take advantage of current tax benefits. Check Out Our Next FERS Webinar for Federal Employees – ... Read More

Most of us would prefer not to pay up-front for anything that could be paid for at a later time.  That is true for paying income taxes on retirement distributions, including distributions from the Thrift Savings Plan (TSP), from traditional ... Read More

Over the past year, the IRS has significantly increased penalties on underpayment of both estimated tax payments and federal income withholding from salary and retirement income. Individuals who are required to make quarterly estimated payments (due dates each year are ... Read More

All too many times blogs and articles like this offer tactics and strategies but neglect the transmission point. With this piece, we hope to change that by giving you a crystal-clear key first step.  Quick quiz:  Since January 1, 2000, ... Read More