You've clocked out of work for the last time, and you're ready to kick off your retirement in style. Umbrella drinks, ...

Some states don't have any income tax, meaning retirement income is also exempt. Seven states offer exemptions for various forms of retirement income. Forty-one states, plus Washington, D.C., don't ...

It’s human nature to wait until the last minute rather than plan ahead—perhaps especially when it comes to retirement planning. There’s always plenty of other excellent uses for your money, until ...

Investing in a solo 401(k) is a common retirement savings plan for self-employed individuals or small business owners. Let’s break down how it works, gets taxed and what potential deductions you can ...

WASHINGTON, DC - OCTOBER 31: (L to R) Senate Minority Leader Chuck Schumer (D-NY) and Sen. Debbie Stabenow (D-MI) attend a press conference to discuss their proposals for raising the 401(k) pre-tax ...

A popular tax break for workers nearing retirement age allowing them to make extra catch-up contributions is changing next year, which will limit access to some high earners. The IRS issued new ...

Giselle M. Cancio has over 10 years of editorial experience and content development in personal finance, education, travel, and sports. Her work has been published on NerdWallet, the Associated Press, ...

While taxes are inevitable, no one wants to pay more to Uncle Sam than they have to. There are many (legal) ways to lower your tax bill and some of them apply to work-sponsored retirement plans. Here ...

Depending on how big the nest egg is, your retirement income can be taxed on the federal level. On the state level, however, there's not a single approach used by all 50 states. Most states don't tax ...

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