Featured Blog
HSA and Medicare Premiums – How to Best Use Your HSA After Age 65
Once you enroll in Medicare, you can no longer contribute to your Health Savings Account anymore but you can still use it tax-free for the rest of your life. In fact, since medical expenses are one of the largest expenses
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Should I Sell My I Bonds? What to consider before redeeming series I savings bonds
I Bonds exploded in popularity in 2022. Now, as inflation comes down, many are wondering if they should sell their I bonds. How long should you continue to hold onto
Qualified Charitable Distributions – What Are QCDs and How Do They Work?
Qualified charitable distributions, or QCDs, are almost always the most tax efficient ways to give to charity. However, they are only available for those of a specific age, and with
How are Annuities Taxed?
Understanding how annuities are taxed, and specifically how they fit into a tax-efficient retirement withdrawal plan, is a common pain point with many people we talk to. The tax rules
How Long Do Kids Stay Dependents?
The federal government allows you to claim dependent children until they are 19. This age limit is extended to 24 if they attend college.
How to Avoid the IRMAA Surcharge and Pay Less for Medicare
IRMAA, or Medicare’s Income-Related Monthly Adjustment Amount is an extra fee that is added to your monthly Medicare premium. What is the calculation for IRMAA surcharge and how can you avoid it?
Solo 401k vs SEP vs SIMPLE IRAs – Best Small Business Retirement Plans
If you have a small business and are looking to save in a tax advantaged way for retirement, there are a lot of options for retirement plans. The 3 most
Lump Sum Pension Buyout Offers – What to Know Before Cashing Out
Companies offer lump sum payouts for pensions to limit their long term liability. You may also have the ability to cash out your pension if your leave your job. If
Secure Act 2.0 – New RMD Ages, 529 to Roth Transfers, Roth Requirements
A new bill has resulted in many changes to retirement planning. RMD ages are changing, 529 accounts may not be rolled into Roth IRAs, you may be required to save
Turn IPERS Into a Comfortable Retirement
If you’re an Iowa employee, you have an excellent pension system available to you. Here’s how it works and how to plan for retirement with it.