Rachel L. Sheedy
Latest articles by Rachel L. Sheedy
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IRS Remodels the 1040 for 2019
taxes The IRS is reducing the number of schedules and improving the form to make it less confusing.
By Rachel L. Sheedy • Last updated
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IRS Releases Draft Form of New 1040 Tailored for Seniors
retirement Easier-to-read form highlights retirement income streams and other tax benefits for citizens 65 and older.
By Rachel L. Sheedy • Last updated
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Taking Advantage of Higher QLAC Limits in 2019
retirement You'll need to crunch some numbers before you contribute more toward your qualified longevity annuity contract for retirement.
By Rachel L. Sheedy • Published
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7 Midyear Moves Retirees Can Make to Trim 2019 Tax Tabs
retirement As July Fourth nears, there are fireworks to enjoy and cookouts to attend.
By Rachel L. Sheedy • Published
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Secure Act Calls for Changes to IRAs, RMDs
IRAs Nixing the age cap for contributions and raising the age to start required minimum distributions could affect workers, retirees and heirs.
By Rachel L. Sheedy • Published
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Reverse Mortgage Borrowers Face New Financial Test
Making Your Money Last For the first time, borrowers will have to prove they can handle the ongoing property costs to qualify for a reverse mortgage.
By Rachel L. Sheedy • Last updated
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Inherited 401(k)s: 6 Questions Heirs Need to Ask
401(k)s An inherited 401(k) can be a lasting legacy, but the windfall needs to be handled carefully to maximize the inheritance and minimize taxes.
By Rachel L. Sheedy • Published
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Ways to Avoid IRS Underpayment Penalties
taxes There are several options for penalty relief if you end up owing more in taxes than you anticipated.
By Rachel L. Sheedy • Published
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Start Trimming Your 2019 Tax Tab Now
retirement As you complete your 2018 tax return, turn some attention to your tax plans for 2019.
By Rachel L. Sheedy • Last updated