The Truth About Inherited IRA Distribution Rules in 2025 Inheriting an IRA can feel like finding a treasure chest with a complicated lock. You’ve got the money, but accessing it means navigating a maze of tax rules that could cost you big time if you make a wrong turn. I have seen too many people … Read more
Are you putting off retirement planning because you think you need thousands to get started? I’ve got some good news that might surprise you! Starting a Roth IRA is way more accessible than most folks realize, and I’m gonna break down exactly how little you need to get your retirement savings rolling. The Surprising Minimum … Read more
The average retirement savings is $333,940. Balances vary by age, with those 55-plus having the most in their accounts. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, … Read more
Under ideal circumstances, no one would ever run out of money in retirement, and they’d have enough resources to meet all their essential expenses and more. But with the potential for stock market volatility and continuing inflation, more people are searching for predictable income strategies to help meet their retirement needs. “Now might be the … Read more
The Short Answer The current State Pension age for women in the UK is 66 years, the same as for men. This equalization was completed in 2018, and the pension age for both genders will start to increase again from May 2026. How We Got Here: The Journey to Pension Age Equality If you’re a … Read more
So your parent passed away and left you their IRA. First, I’m sorry for your loss. Second, you’re probably wondering what the heck to do with this inherited account. The rules can be confusing (believe me, I’ve been there!), and one wrong move could cost you thousands in unnecessary taxes. In this guide, I’ll walk … Read more
Are you not sure if a Roth retirement account will help you because of your high income? You’re not the only one. When planning your finances, most people say to try to pay as little in taxes as possible right now. But this isn’t always the best idea, especially for people who make a lot … Read more
Financial infidelity is when someone lies about or withholds important information about money. This dishonesty can happen within romantic relationships, between roommates or business partners, or within a larger family structure. For the purposes of this article, I’ll be largely focusing on romantic relationships. (If you’d like me to write about financial infidelity within other … Read more
Are you worried about your retirement withdrawals being taxed? Confused about how Roth IRA distributions affect your income for tax purposes? You’re not alone! This is one of the most common questions I get from readers approaching retirement age In short, it depends on whether you follow the rules. Don’t worry, though; I’ll explain everything … Read more
There are some unique challenges that come with running a family business, especially when it comes to long-term planning for succession and protecting assets. Putting a business in a family trust is a solution that is becoming more popular. But can a family trust really run a business well? The short answer is yes, but … Read more