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Tag: IRS

IRS Audit Red Flags That Retirees Should Look Out For.

Posted on February 20, 2023February 20, 2023 by Matt

You might assume your chances of being investigated by the IRS are low as you relax in retirement, hosting dinner parties for friends and family and taking more vacations than you ever had to work. After all, it’s clear why the IRS would bother reviewing your tax returns once you’re in your golden years.

Don’t Make These RDM Mistakes.

Posted on January 16, 2023January 16, 2023 by Matt

Eventually, after years or even decades of saving, you will need to begin withdrawing and taxing the funds from your retirement accounts. RMDs are required to be taken at age 73 starting in 2023 and at age 75 beginning in 2033. If you make a mistake, it could have serious financial repercussions.

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