#secure 2.0
6 stories
401(k) Catch-Up Rules for Gen Xers
Congress sets $11,250 401(k) boost for Gen Xers turning 60-63, drops to $8,000 at 64.
24/7 Wall St. · 1m
At 75 He Still Has a Paycheck and Skips RMDs
A 75-year-old worker can skip retirement distributions if they still earn a paycheck, but four hidden rules could trigger penalties.
24/7 Wall St. · 1m
Widow Keeps IRA in Husband's Name for Decade-Long Tax Deferral
Widow retains IRA in deceased husband's name to delay tax withdrawals until he'd turned 73, avoiding 10% early distribution penalty.
24/7 Wall St. · 1m
The $78,000 Roth conversion sweet spot
A 64-year-old with $1.3M in retirement savings has until December 31 to convert the right amount to a Roth without jumping tax brackets.
24/7 Wall St. · 2m
The $42,000 surprise waiting at 73
A couple's untouched IRAs grew silently for 11 years, then required distributions arrived on top of pension income with unexpected tax consequences.
24/7 Wall St. · 2m
The hidden Medicare trap in Roth conversions at 63
A two-year lookback means conversions you do today will raise your Medicare premiums the moment you turn 65.
24/7 Wall St. · 1m