IRAs

Unlike some other tax mistakes, running afoul of the once-per year rule can’t be fixed.

Unlike some other tax mistakes, running afoul of the once-per year rule can’t be fixed.

Clients can beat a costly pitfall that comes after missing a 60-day window on IRA rollovers by giving the agency their side of the story under a newly relaxed rule. Plus, ways to save when clients are too old for traditional IRAs.

Eligible taxpayers can now qualify for a waiver of the 60-day time limit and avoid possible taxes and penalties on early distributions, if they meet certain requirements.

For one strategy, clients should create income streams that have built-in protection, such as Social Security and long-term insurance.

Advisers should be prepared to discuss both the benefits and drawbacks with clients.

Advisers should be prepared to discuss both the benefits and drawbacks with clients.

In about 30% of large companies, seniors can opt to work part-time or engage in job sharing with co-workers.

Some seniors shop around for the most affordable health insurance and less expensive drugs every year.

Interest on municipal bonds doesn't always boost a return the way a client might expect. Plus the big savings from having highly appreciated company stock in a retirement account.

Retirees over 65 will no longer be able to contribute to health savings accounts once they file for benefits.

Reducing adjusted gross income might more than offset the loss of an itemized deduction.

Reducing adjusted gross income might more than offset the loss of an itemized deduction.

Making non-deductible contributions to a traditional account is the first step to a back-door Roth.

Knowing how and when to withdraw can save clients big in their golden years.

Donating appreciated stock to charity may be one way to offset a surcharge that is expected to increase in 2018.

There’s one goof every adviser should take extra precautions to avoid: being careless about those IRA beneficiary forms.

Opt to buy a Qualified Longevity Annuity Contract and defer required minimum distributions so clients don't owe the IRS until the age of 85. Plus, planning for small businesses and who should be beneficiaries.

A variety of clients may find it wiser to hold back.

A variety of clients may find it wiser to hold back.