Quick Read Roth conversions increase AGI and can trigger higher tax brackets, Medicare IRMAA surcharges, and taxation of up to 85% of Social Security benefits. Medicare IRMAA surcharges use a two-year lookback, so conversions affect premiums two years later. Converting smaller amounts over multiple years reduces total tax cost versus single large conversions crossing multiple thresholds. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from ...

Many nonprofits are facing financial challenges because of federal funding cuts and termination of contracts. Now, the government shutdown is adding to disruptions just as the most popular season for charitable giving gets underway. Sharon Eper joins us right now with more on your money and upcoming tax changes for donations.Good morning, Sharon. Good morning, Becky. You know, whether it's providing disaster relief, child care, support for seniors, or other needs in local communities, many nonprofits are co ...