Rachel L. Sheedy

Rachel L. Sheedy

Editor, Kiplinger's Retirement Report
Alternate Strategies for Stretch IRA
retirement

Alternate Strategies for Stretch IRA

There are still moves that IRA owners can make to help ease the transfer of their legacy to their chosen beneficiaries and save some money from the ta…
March 3, 2020
The Costly Danger of Putting Extra Money in Your IRA
American piggy bank stuffed with dollars
IRAs

The Costly Danger of Putting Extra Money in Your IRA

Uncle Sam will sock you with an annual penalty until you fix your mistake.
January 15, 2020
A Retiree’s Guide to Key Dates in 2020
retirement

A Retiree’s Guide to Key Dates in 2020

Now is the time to assess your financial situation, look ahead and mark your calendar.
December 24, 2019
Retirees, Cover Your Trip and Your Health, Too
retirement

Retirees, Cover Your Trip and Your Health, Too

Travel insurance may protect you if have to cancel or interrupt a trip, or if you get sick while on the road.
December 18, 2019
Medicare Part B Premiums Climb for 2020
Medicare

Medicare Part B Premiums Climb for 2020

High-income retirees will experience the biggest changes.
November 13, 2019
Proposed RMD Rules Would Trim Mandated Distributions for Retirees
required minimum distributions (RMDs)

Proposed RMD Rules Would Trim Mandated Distributions for Retirees

Ways to get your voice heard on possible new life expectancy tables that would affect your money.
November 12, 2019
End-of-Year Moves to Trim Your 2019 Tax Tab
tax deductions

End-of-Year Moves to Trim Your 2019 Tax Tab

It's time to look for last-minute moves that can shrink your 2019 tax bill. But the end of the year is coming fast, so don't procrastinate.
November 8, 2019
Secure Act Threatens 'Stretch' IRA Rules That Benefit Heirs
retirement

Secure Act Threatens 'Stretch' IRA Rules That Benefit Heirs

Some retirees are concerned about a provision that could require heirs to empty inherited retirement accounts within 10 years and pay a lot more in ta…
October 21, 2019
IRA Aggregation Rule: When Many IRAs Become One
IRAs

IRA Aggregation Rule: When Many IRAs Become One

Manage withdrawals from multiple retirement accounts carefully to avoid surprises (and penalties).
September 30, 2019
Protecting Retirement Accounts from Creditors
IRAs

Protecting Retirement Accounts from Creditors

Degrees of legal protection differ for 401(k)s and IRAs.
September 3, 2019
Heirs Can Use NUA Tax Break for Inherited 401(k)s
retirement

Heirs Can Use NUA Tax Break for Inherited 401(k)s

This tax-saving move will result in more money in your pocket if you inherit employer stock.
September 2, 2019
Time Claims to Maximize Social Security Benefits
retirement

Time Claims to Maximize Social Security Benefits

Social Security benefits have long been a critical part of Americans’ retirement income plans.
July 29, 2019
IRS Remodels the 1040 for 2019
taxes

IRS Remodels the 1040 for 2019

The IRS is reducing the number of schedules and improving the form to make it less confusing.
July 17, 2019
10 Things You Must Know About Social Security
social security

10 Things You Must Know About Social Security

For many Americans, Social Security benefits are the bedrock of retirement income.
July 17, 2019
IRS Releases Draft Form of New 1040 Tailored for Seniors
retirement

IRS Releases Draft Form of New 1040 Tailored for Seniors

Easier-to-read form highlights retirement income streams and other tax benefits for citizens 65 and older.
July 15, 2019
Taking Advantage of Higher QLAC Limits in 2019
retirement

Taking Advantage of Higher QLAC Limits in 2019

You'll need to crunch some numbers before you contribute more toward your qualified longevity annuity contract for retirement.
July 3, 2019
7 Midyear Moves Retirees Can Make to Trim 2019 Tax Tabs
retirement

7 Midyear Moves Retirees Can Make to Trim 2019 Tax Tabs

As July Fourth nears, there are fireworks to enjoy and cookouts to attend.
June 26, 2019
Secure Act Calls for Changes to IRAs, RMDs
IRAs

Secure Act Calls for Changes to IRAs, RMDs

Nixing the age cap for contributions and raising the age to start required minimum distributions could affect workers, retirees and heirs.
June 14, 2019
Reverse Mortgage Borrowers Face New Financial Test
Single family house on pile of money. Concept of real estate.
retirement

Reverse Mortgage Borrowers Face New Financial Test

For the first time, borrowers will have to prove they can handle the ongoing property costs to qualify for a reverse mortgage.
June 11, 2019
Inherited 401(k)s: 6 Questions Heirs Need to Ask
401(k)s

Inherited 401(k)s: 6 Questions Heirs Need to Ask

An inherited 401(k) can be a lasting legacy, but the windfall needs to be handled carefully to maximize the inheritance and minimize taxes.
May 30, 2019
9 Smart Strategies for Handling RMDs
required minimum distributions (RMDs)

9 Smart Strategies for Handling RMDs

After decades of squirreling away money in tax-advantaged retirement accounts, investors entering their seventies have to flip the script.
March 26, 2019
Ways to Avoid IRS Underpayment Penalties
taxes

Ways to Avoid IRS Underpayment Penalties

There are several options for penalty relief if you end up owing more in taxes than you anticipated.
March 22, 2019
Start Trimming Your 2019 Tax Tab Now
retirement

Start Trimming Your 2019 Tax Tab Now

As you complete your 2018 tax return, turn some attention to your tax plans for 2019.
February 15, 2019
When It’s Time to Tap a Roth 401(k)
Smooth rocks with the words retire, 401K, IRA, roth and save on them arranged in a zen-like way.
retirement

When It’s Time to Tap a Roth 401(k)

Want to declare your Roth money’s independence from Uncle Sam? Get up to speed on the rules for tapping a Roth 401(k) tax-free.
February 12, 2019
5 Tips to Deal With Market Volatility
retirement

5 Tips to Deal With Market Volatility

Down 650 points one day.
January 25, 2019
A Retiree's Guide to Key Dates in 2019
retirement

A Retiree's Guide to Key Dates in 2019

When ringing in a new year, many people resolve to be better organized or improve how they manage their finances.
January 3, 2019
Restricted Application Social Security Strategy Is on Its Way Out
social security

Restricted Application Social Security Strategy Is on Its Way Out

If you're a boomer turning 66 in 2019, you should take advantage of this claiming strategy to boost your retirement income.
January 2, 2019