SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. If you inherit a tax-deferred retirement account, like an IRA or a 401(k), you’ll pay income taxes on the money when you withdraw it. Those withdrawals are subject to your marginal tax rate, not the original owners. This can reduce the value of your inheritance, potentially by quite a lot if you are in a high tax bracket. For example, say that you’re in the 32% tax bracket and you’ve just inherited an IRA ...

Roughly half of adults 65 or older rely on Social Security benefits for at least 50% of their income, according to the Social Security Administration (SSA). About 25% of these adults rely on it for over 90% of their income. Be Aware: New Social Security Change Means You Could Owe Money Read More: How Much Money Is Needed To Be Considered Middle Class in Your State? But many Americans worry about the future of these benefits. The Medicare Rights Center expressed concerns after the Donald Trump Administrati ...

“Did the wealth-management company have a fiduciary responsibility to notify me prior to the sale?” (Photo subject is a model.) - Getty Images Dear Quentin, My now ex-husband sold most of his remaining IRA without my knowledge or approval prior to our divorce. Is it legal for one member of a married couple to authorize the sale of an IRA in a joint-managed account without the other member being notified or giving approval for its sale in the state of Michigan? Did the wealth-management company have a fi ...

If you’re like most people and plan to retire in your 60s, then your 50s are a prime time to prioritize growing your net worth. After all, you’re only about a decade away from leaving the workforce behind and — if all has gone well in your career up until this point — you may even be in some of your highest-earning years. Read Next: Here’s Why You Always Want to Know Your Net Worth, According to a Financial Expert Learn More: How Far $750K Plus Social Security Goes in Retirement in Every US Region But wha ...

The study found that for those who prioritize “lifestyle and financial breathing room,” then Southern and Midwestern cities are among the best choices. For those looking for career opportunities in coastal hubs, “the trade-off is clear: a six-figure salary doesn’t stretch as far as it used to.”Perhaps not surprisingly, New York City, San Francisco and Los Angeles were all in the bottom five of the Professpost study. In New York City, a combination of high taxes and steep living costs leaves a “$100k salary ...

Older Americans are ramping up their IRA contributions, according to Fidelity's latest retirement analysis study. Advisors say growing anxiety about the possibility of running out of money in retirement is likely driving the surge in contributions. The study, which looked at 17.8 million IRA accounts in the second quarter of 2025, found that IRA contributions have remained flat year over year. But, among Generation X and baby boomer account holders specifically, the contribution rate has increased 25% and ...

Financial Data and Key Metrics Changes - The operating result for the first half of 2025 was €845 million, a 19% increase compared to the previous year, driven by profitable business growth and improved claims experience in the US, UK, and international segments [5][16][19] - Operating capital generation before holding and funding expenses decreased by 2% to €576 million [5][16] - Free cash flow increased significantly to €442 million from €373 million in the previous year [17][29] - The group solvency ratio decreased by five percentage points to 183% due to the new share buyback program and the reservation of the interim dividend [18][27] Business Line Data and Key Metrics Changes - In the Americas, Transamerica's strategic assets grew, with a 14% increase in the number of licensed agents and a 13% increase in new life sales [10][11] - Aegon UK saw growth in business, although the advisor platform was negatively impacted by market consolidation [13] - The international segment reported higher new life sales in joint ventures in Brazil, China, Spain, and Portugal, but faced lower sales in Singapore due to competitive changes [14] Market Data and Key Metrics Changes - The US market accounts for approximately 70% of Aegon's operations, making it central to the company's strategy and long-term growth [8] - The company reported strong growth in net deposits in the retirement plan business, driven by mid-sized plans [12] Company Strategy and Development Direction - Aegon is focused on growing and transforming its businesses, with a commitment to return excess capital to shareholders through share buybacks [6][7] - The company is reviewing the potential relocation of its head office to the US to align its corporate structure with its primary market [8][9] - The implementation of US GAAP reporting is planned, which is expected to take two to three years [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving all financial targets for 2025, citing strong commercial momentum and growth in key markets [30] - The company is monitoring the impact of equity market fluctuations on its capital generation and earnings profile [36][38] Other Important Information - Aegon announced a €200 million increase to its share buyback program, totaling €400 million for 2025 [6][29] - The company aims to reduce cash capital at holding to around €1 billion by 2026 [7][29] Q&A Session Summary Question: What drove the decision to cover 25% of the variable annuity based fee? - Management indicated that this was part of ongoing risk management to stabilize capital generation and was executed recently [36] Question: Can you provide insights on the US GAAP implementation? - Management stated it is too early to provide guidance on the impact of US GAAP on operating profit [42] Question: What are the main challenges of potentially redomiciling? - Key challenges include implementing US GAAP and managing the transition process effectively [65] Question: How clean is the reported operating profit? - Management confirmed that the operating profit is considered clean, with adjustments leading to a strong adjusted number [50] Question: What is the size of the pool plan mentioned? - The pool plan is approximately €1.9 billion, contributing to net deposits growth [41][93] Question: How does the US redomiciliation impact M&A opportunities? - Management indicated that being closer to the US market would position the company better for potential acquisitions, but the M&A approach remains disciplined [71]