A Reddit user inherited $200,000 recently and is trying to figure out how to best use the funds to enable early retirement.

Transitioning the Trust to its own EIN led to a significant tax increase, prompting a full portfolio and tax strategy review.

No one wants to pay more in taxes than they have to. Here are nine IRS-approved strategies the wealthy use to pay less in ...

After losing both her husband and father within two years, Ana turned to spending as a way to cope with overwhelming grief. Travel, shopping, and dining out became temporary comforts — but they also ...

This problem stems from a lack of communication around estate planning. A 2024 Edward Jones report found that more than one in three Americans have no plans to talk about their estate with their ...

If you have a significant amount in tax-deferred retirement accounts, you could be sitting on a tax time bomb. Luckily, there's a way to defuse the situation.

Roth conversions, especially when combined with smart structuring techniques like this, can be one of the most impactful ...

A 66-year-old retiree is facing a dilemma that might sound familiar to anyone considering adding a little adventure to their retirement years: should he tap into his IRA to pay cash for a vacation ...

You don’t have to choose just one. Life insurance and Roth IRAs can work in tandem to provide retirement income.

With prices going up on everything, you may be looking for a cheaper place to live. To truly evaluate costs, take a hard look ...

Using the IRS tool can help, but it won’t answer all your questions. It's best to work with a lawyer in the end.

If you are wondering about the tax implications of money you receive in an inheritance, you may benefit from an IRS tool that can help answer some of your questions. The tool will only go so far-- you ...