Everybody knows they should save for retirement, but not everybody does. Among those who do, they tend to approach it differently. Some are consistent savers, while others don’t give it too much thought. Then there are the extremes and the in betweens. Wondering where you fall on the saver continuum and how it matches up […]
QUIZ: What Type Of Retirement Saver Are You? Read More »
Choosing the right Medicare path is one of the most critical financial decisions you will make regarding your health care in retirement. The debate boils down to two fundamentally different approaches: original Medicare (Parts A and B, plus Medigap insurance), which prioritizes flexibility and eliminating out-of-pocket costs, versus Medicare Advantage (Part C), which bundles benefits
Original Medicare vs Medicare Advantage Quiz: Which is Right for You? Read More »
Turning 65 marks the start of your journey into Medicare, but the enrollment process is a critical window with permanent financial consequences. Missing your deadlines or making the wrong choice between original Medicare and employer coverage can result in lifetime penalties. This 10-question True/False quiz covers the essential facts about the Initial Enrollment Period (IEP),
Are You Ready for 65? The Medicare Initial Enrollment Period Quiz Read More »
Many assume that Social Security benefits are tax-free after a certain age or that only wages affect whether your Social Security benefits are taxed by the IRS, but the reality is more nuanced. This quiz will test your knowledge of the often-misunderstood topic of Social Security taxation, including how provisional income works, how other income
Quiz: Do You Really Know How Social Security Benefits Are Taxed? Read More »
Individual Retirement Accounts (IRAs) are the foundation of tax-advantaged retirement savings, offering every worker the chance to build wealth outside of a workplace retirement plan. But knowing whether to choose a Traditional IRA (tax break now) or a Roth IRA (tax-free in retirement) requires understanding the crucial differences in contribution limits, income phase-outs, and withdrawal
Quiz: Test Your IRA Contribution IQ Read More »
The financial professionals who contribute to Kiplinger’s Adviser Intel are always here to make sure you have the information you need to make critical decisions about your retirement planning, estate planning and tax planning. Daniel Goodwin, chief investment strategist at Provident Wealth Advisors, often writes about real estate investing vehicles such as 1031 exchanges and
Quiz: How Well Do You Know Delaware Statutory Trusts? Read More »
A Roth IRA conversion is one of the most powerful moves a retirement saver can make, offering the promise of tax-free growth and tax-free withdrawals forever. A Roth conversion allows you to move pre-tax money from a traditional IRA or 401(k) into a Roth IRA, fundamentally changing how your retirement savings will be taxed. Unlike
Quiz: Understanding Roth Conversions | Kiplinger Read More »
Your Health Savings Account (HSA) is more than just a medical fund — it’s a powerful investment vehicle for your financial future. But are you clear on the rules that protect its unique “triple tax advantage”? Navigating the rules for eligibility, contributions, and withdrawals is crucial to maximizing its benefits and avoiding penalties. Test your
HSA and Medicare: The Eligibility Quiz Read More »
For retirees and beneficiaries, understanding Required Minimum Distributions (RMDs) is not just a tax-planning necessity — it’s a financial imperative. Changes under the SECURE 2.0 Act have (among other things) shifted the starting age, introduced new rules for inherited accounts, and changed rules for Roth 401(k)s. Then there are common RMD mistakes, like missing the
New RMD Rules: Can You Pass This Retirement Distributions Tax Quiz? Read More »
The financial professionals who contribute to Kiplinger’s Adviser Intel are always here to make sure you have the information you need to make critical decisions about your retirement planning, estate planning and tax planning. In the past week, they’ve written about the OBBB’s impact on retirement and estate planning and how you can ensure your
Quiz: Test Your Knowledge of the OBBB, Wealth Transfer and Early Retirement Read More »