Tag: tax planning
-
Required Minimum Distributions (RMDs): The $500,000 Tax Trap Most Retirees Don’t See Coming
The Forced Withdrawal That Could Cost You Hundreds of Thousands in Taxes At age 73, the IRS doesn’t ask your permission. They don’t care if you don’t need the money. They simply require you to withdraw a specific amount from your retirement accounts every year—whether you want to or not. These are Required Minimum Distributions,…
Written by
-
Roth IRA vs. Traditional IRA: The $50,000 Difference in Retirement
Roth IRA vs. Traditional IRA: Which Will Save You More? Choosing between a Roth IRA and a Traditional IRA can make a huge difference in your retirement income and tax bills—often tens of thousands of dollars. Understanding the differences in contributions, taxes, and withdrawal rules is key. 2025 IRA CONTRIBUTION LIMITS $6,500 + $1,000 catch-up…
Written by
