Wealth Management and Retirement Articles

Easing inflation will lead to a smaller increase in tax-advantaged retirement plan contribution limits for 2025 compared to recent years. Find out how much you can contribute to 401(k)s, SEP plans, IRAs and more.

Changes are coming to the Social Security system in 2025 in the form of a higher wage base, which was recently announced by the Social Security Administration. Here’s what it means for your business.

Not every type of gain or income is subject to federal income tax.

Here’s a strategy for older taxpayers who are charitably minded and also must take required minimum distributions from their traditional IRAs.

Investing in mutual funds is popular, but selling shares may result in complicated tax matters. Here are the rules.

If you’re 62 or older and own a highly appreciated house, a reverse mortgage may provide a way to stay in the home for your lifetime, gain extra income, and receive a tax-saving bonus.

If you’ve inherited an IRA, you need to know about the latest IRS guidance.

The SECURE 2.0 law includes good news about required minimum distributions from tax-favored retirement accounts. But an earlier law contained bad news for certain beneficiaries of inherited retirement accounts.

If you’re strapped for cash, you might see the money sitting in your traditional IRA as a good solution. But if you’re under age 59½, pulling money from your IRA can come with a hefty penalty.

Does your employer offer a 401(k) plan, but you haven’t started participating? Here are the basic features of these plans to illustrate why you should strongly consider it.

The SECURE 2.0 Act’s new retirement catch-up contribution rules caused problems and confusion for employers and employees alike. The IRS has now provided guidance.

Discover how the generation-skipping tax could impact your estate planning.

If you’re eligible and not making catch-up contributions to your retirement plan, you’re missing out on building more tax-favored savings.

Don’t ignore tax planning as work slows and retirement gets closer. There could be a new set of tax challenges around the corner.