Over the past decade, some retirees have sought to lower their RMDs by buying a type of annuity called a qualified longevity ...

Most people dream of spending their retirement savings on relaxing, enriching and gratifying activities. Few, if any, dream of using their retirement savings to pay unnecessary taxes. Yet those who ...

The new federal break for older taxpayers is not a "retirement tax credit" at all, but a sizable extra deduction that trims ...

Another four states don't tax income from retirement accounts. However, retirees could pay more in other ways in several of these states that don't tax retirement income. Where you live during ...

Ali Hussain has a background that consists of a career in finance with large financial institutions and in journalism covering business. Vikki Velasquez is a researcher and writer who has managed, ...

The IRS has released 2026 tax brackets—here’s how understanding your bracket can help you save with smart retirement and Roth ...

When you retire, you might leave your job behind, but you still collect income. And if you collect income, the tax man cometh. Retirement budgets generally are smaller than working-years budgets in ...

“Barring Congressional Action, tax rates are set to revert to pre-Tax Cuts and Jobs Act levels at the end of 2025.” I scribbled out that same general line on numerous occasions since the TCJA was ...

Forbes contributors publish independent expert analyses and insights. Empowering smarter money moves. Have you considered using a QCD vs RMD for charitable giving, reducing your tax burden and ...

Most people understand that paying taxes is just part of living in a civil society. Still, forking over this money is a drag. Never even mind the fact that it's money you could personally put to ...

Texas does not tax retirement income, including Social Security, pensions, and IRA withdrawals. Retirees should account for high property taxes and sales taxes that increase the cost of living.