What happens if you are a high-income Medicare beneficiary who is paying a surcharge on your premiums and then your income changes? If your circumstances change, you can reverse those surcharges....more
The oldest of the 75 million baby boomers have begun turning 70 in 2016. Becoming a septuagenarian is a milestone in itself, but it also means that soon the IRS will likely be expecting you to start cashing out your...more
5/5/2016
/ 401k ,
Distribution Rules ,
Individual Retirement Account (IRA) ,
IRS ,
Penalties ,
Qualified Charitable Distributions ,
Retirement ,
Retirement Plan ,
Social Security ,
Tax Planning ,
Tax-Deferred Exchanges
In one of its first acts of the new Congress, the Republican-controlled House of Representatives changed its rules to prevent lawmakers from shifting money from the Social Security retirement trust fund to the Social Security...more
People with disabilities and senior citizens can expect a small, 1.5 percent increase in their Social Security and Supplemental Security Income (SSI) benefits in the new year, an even smaller cost of living adjustment than...more