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If you don’t sign up for a Part D prescription-drug plan when you become eligible for Medicare, you could face a penalty -- unless you already have other coverage.
See More On: Medicare
When it comes to RMDs, simplified employee pensions have the same rules as traditional IRAs.
See More On: Required Minimum Distributions (RMDs)
You can withdraw up to the amount of a scholarship from your 529 account without paying a penalty on the earnings, even if you don’t use the money for eligible college costs.
See More On: Paying for College
First, check to see whether they are still earning interest. If not, cash them in and invest the money somewhere else.
See More On: Saving Money
You usually have to take RMDs from a Roth 401(k) after age 70½ — unless you convert the account to a Roth IRA.
You don't need to wait an entire year beyond your full retirement age to earn delayed retirement credits.
See More On: Social Security
How you will be taxed depends on the state in which you reside.
See More On: Family Finances
The IRS says it has $1 billion in unclaimed tax refunds for 1 million taxpayers from 2013. But the deadline to claim it is April 18.
See More On: Tax Prep & Filing
You may be able to write off what you pay out of pocket for health care, but only to the extent that those expenses exceed 10% of your adjusted gross income.
See More On: Health Care & Insurance
The American Opportunity Credit is worth up to $2,500 per student for each of the first four years of college. If you missed taking the credit, you may still be able to claim it by filing an amended return.
See More On: Tax Breaks
Your IRA administrator should have sent you a Form 1099-R, but you’ll also need to specify on your return that your distribution was a tax-free transfer to charity.
See More On: IRAs
You can throw away most supporting tax records after three years. But keep your returns indefinitely.
See More On: Tax Planning
If you turned 70½ last year, you had the option to delay your first required minimum distribution until April 1 of this year. Fair warning: That's a Saturday, so don't wait until the last minute.
Paired with a high-deductible health insurance policy, an HSA is a great way to save a tax-free stash of money for medical expenses. Most of the health care overhaul proposals in Congress would expand the use of HSAs.
More states are introducing ABLE accounts, which allow you to save money that can be used tax-free to benefit a person with a disability.
Workers 50 and older aren't the only ones who can make bonus contributions.
See More On: Saving for Retirement
Military Saves Week is the perfect time for military families to take stock of their finances, make the most of special saving opportunities and plan for the future.