Core Insights - The article discusses year-end retirement and tax-planning tips, emphasizing the importance of strategic financial planning as the year concludes [1] Group 1 - The article highlights the significance of retirement planning, suggesting that individuals should review their retirement accounts and contributions before the year ends [1] - Tax-planning strategies are recommended, including maximizing contributions to tax-advantaged accounts to reduce taxable income [1] - The importance of understanding tax implications of withdrawals from retirement accounts is also mentioned, advising individuals to plan accordingly [1]

“The lawyer insists this is normal. Is it normal?” (Photo subjects are models.) - Getty Images/iStockphoto Dear Quentin, We are writing a trust and have three homes. Home #1: We are halfway through a 15-year mortgage on it. Our adult child rents the home. After it’s paid off, or upon our death, we want to gift them the home, since they paid the mortgage. (The gifting might be delayed to delay the step-up in basis.) Most Read from MarketWatch Home #2: There is a 15-year mortgage on it, with about 12 ye ...

ferrantraite / E+ via Getty Images Key Points A 68-year-old Boomer noted younger F.I.R.E. followers fixate on tax strategies while overlooking health care proxies and long-term care planning. Most respondents ranked financial fears 4th or 5th on retirement priorities. Personal identity topped the list. Retirees emphasized that leaving a lifelong routine can trigger depression or spousal friction without emotional preparation. If you’re thinking about retiring or know someone who is, there are thre ...

Group 1 - Rising healthcare costs are a significant concern for retirees, as they tend to increase at a faster rate than general inflation, necessitating careful financial planning for medical expenses [3][4] - Contributing to a health savings account (HSA) during working years can be beneficial, as funds can grow tax-free and be used for medical expenses in retirement [4] - Choosing Medicare coverage wisely each year is crucial, as health needs change and exploring different plans can lead to better coverage and cost savings [5] Group 2 - Taxes will impact retirees' income, and future tax rates are uncertain, making it important to consider saving in a Roth account for tax-free gains and withdrawals [6] - Municipal bonds are highlighted as a tax-friendly investment option for generating retirement income, as their interest is exempt from federal taxes and potentially state and local taxes [8]

The rules for deductions on charitable donations are changing, but taxpayers who itemize can still benefit by acting before Dec. 31. Plus other year-end tax moves to consider now. https://t.co/NudI0L8GO8 ...

Chances are that your inbox is full of reminders to make your end-of-year charitable donations. The timing dovetails neatly with year-end tax planning, which continues to influence how and when many Americans choose to give.Read more: https://t.co/vn5YOIiMyU https://t.co/ULfTLtIjl0 ...

What do you need to know about tax planning in 2026? On this episode of Money Unscripted, learn about the new SALT cap increase, why you might want to consider itemizing over taking the standard deduction, a boosted child tax credit, and other opportunities to save on your taxes. Join host Ally Donnelly and Ajay Sarkaria, Fidelity Regional Vice President of Private Wealth Management, as they walk through the tax strategies that could help you keep more of what you earn. Watch now. 00:00 Welcome to Money Uns ...

Ever catch yourself wondering what kind of salary it takes to be considered “upper class” in Texas? You’re not alone. With the state’s mix of booming cities, wide-open suburbs, and everything in between, what counts as a high income can look very different depending on where you live. According to the Texas Economic Development Corporation, three of America’s wealthiest cities are in Texas. Discover More: Here’s the Minimum Net Worth Considered To Be Upper Class in Your 70s Consider This: 6 Subtly Genius ...

Table of Contents Expand Table of Contents Smart year-end moves can strengthen your financial position heading into 2026. Choreograph (Konstantin Yuganov) / Getty Images Close Key Takeaways New year, new you. To start 2026 off on the right foot financially, you may have to put some legwork in right now. Boosting your workplace retirement plan contributions before year-end can meaningfully lower your tax bill. Some OBBA tax changes may offer extra savings for select individuals. Take time to make sure you do ...

The last thing anyone wants to think about at year-end is taxes, but it’s the first thing you should think about, advisers say. President Donald Trump’s signature tax and spending package introduced significant tax breaks, with many retroactive to Jan. 1. Americans should take advantage of those, in addition to regular strategies to defer income and increase deductions, advisers say. Moves now can help lower your 2025 tax bill and set you up for an even more prosperous 2026, they say. “Tax planning is al ...