Many working Americans have contributed to tax-deferred 401(k)s and IRAs for decades. These retirement accounts provide income once they can no longer work. While these accounts grow interest-free, you must pay income tax on any money you withdraw during retirement. …
Suppose a loved one dies, and you find that you are the beneficiary of his or her IRA. Your assumption could be that you have received an inheritance that is tax-free—just like the proceeds from a life insurance policy. In…
When Congress avoided the fiscal cliff, it presented new opportunities for charitable giving from IRAs. Find out how. The tax law changes at the end of December did more than help the country avoid a further recession. It also gave…