Tag: retirees

Retirement's 25% Trap The Unfair Tax Bite on Dreams

Retirement's 25% Trap The Unfair Tax Bite on Dreams

Retirement needs to be the golden age of your life. It’s a fitting time to take a load off, reflect, and enjoy the fruits of your labor over the years. For most Americans, particularly for those with lower means, the experience of moving through this system is often like traversing...

Retirees Face April 1 Deadline to Avoid RMD Penalty

Retirees Face April 1 Deadline to Avoid RMD Penalty

Retirees who will turn 73 this year have an important deadline coming up to avoid a costly tax penalty. The first required minimum distribution (RMD) year must be taken by April 1 of the year after they turn 73. Failing to meet this deadline could result in a costly 25%...