The Department for Work and Pensions (DWP) has confirmed that pensioners whose sole income is the flat rate of the New or ...

The Foreign Tax Credit is a way to lessen your U.S. tax liability and offset income taxes paid to other countries. Find out ...

Chuck Oliver is the founder and CEO of The Hidden Wealth Solution, a nationally recognized wealth strategist firm ...

Older high-income workers who make contributions beyond the standard amount will have to put that extra money into a Roth 401 ...

Federal Reserve data show how Americans in their mid-60s to early 70s handle retirement savings, income, and spending as they ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

When it comes to retirement planning, you do everything right: You live within your means, minimize debt and stash a chunk of your savings in tax-deferred vehicles such as 401(k)s and IRAs. Morey ...

A Reddit user is wondering if a $2.5 million nest egg can produce $100K in income. He’s concerned about taxes but also needs to pay attention to his withdrawal rate. If he wants to avoid worrying ...

‘Tis the season for last-minute shopping, family get-togethers, and year-end financial tasks. But many Americans forget the last item – or don’t do it correctly – leading to tax penalties and, often, ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Year-end is your chance to turn business success into long ...

Christine Benz: Hi, I’m Christine Benz for Morningstar. People who are 65 and older may be able to take advantage of a new senior deduction starting in 2025. Joining me to discuss what you need to ...