Bio Rachel L. Sheedy

See All Authors »

Rachel L. Sheedy

Editor
Kiplinger's Retirement Report

Latest Features

Tax Prep & Filing
July 2019

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.

See More From: Tax Prep & Filing

Annuities
July 2019

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.

See More From: Annuities

SLIDE SHOW
June 2019

7 Midyear Moves Retirees Can Make to Trim 2019 Tax Tabs

As July Fourth nears, there are fireworks to enjoy and cookouts to attend. But in the midst of all the celebrating, assess where you stand with Uncle Sam halfway through the tax year. “It’s a good ...

See More From: Tax Planning

IRAs
June 2019

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.

See More From: IRAs

SLIDE SHOW
May 2019

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. Your relationship to the deceased and the 401(k) plan’s own ...

See More From: 401(k)s

Tax Prep & Filing
March 2019

Ways to Avoid IRS Underpayment Penalties

There are several options for penalty relief if you end up owing more in taxes than you anticipated.

See More From: Tax Prep & Filing

SLIDE SHOW
March 2019

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. Starting at age 70½, Uncle Sam requires taxpayers to draw down ...

See More From: Required Minimum Distributions (RMDs)

SLIDE SHOW
February 2019

Start Trimming Your 2019 Tax Tab Now

As you complete your 2018 tax return, turn some attention to your tax plans for 2019. Although tax reform triggered a slew of major changes in 2018, the landscape has settled this year. In terms of tax ...

See More From: Tax Planning

SLIDE SHOW
January 2019

5 Tips to Deal With Market Volatility

Down 650 points one day. Up more than 1,000 points the next. Down 660 points another day. That was the Dow Jones industrial average’s performance just during one recent week. How should investors ...

See More From: Markets

Social Security
January 2019

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.

See More From: Social Security

SLIDE SHOW
December 2018

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. “On January 1st, you should be waking up thinking, ‘What is my overall game plan for ...

See More From: Financial Planning

SLIDE SHOW
November 2018

5 Last-Minute Tax Moves Fit for Retirees

The clock is ticking to make tax-saving moves by year-end. Whether you’ve been procrastinating or strategically waiting to fine-tune your 2018 tax planning, the time to act is now. Consider these last-minute ...

See More From: Tax Planning

Medicare
November 2018

Medicare Premiums to Rise Slightly in 2019

A possible workaround: See if you qualify for a Medicare surcharge waiver.

See More From: Medicare

Required Minimum Distributions (RMDs)
October 2018

How to Handle Taking a Final RMD After Death

Heirs are responsible for the last required minimum distribution when someone dies. Here's how it works.

See More From: Required Minimum Distributions (RMDs)

SLIDE SHOW
October 2018

Retirees, Year-End Moves to Trim Your Tax Tab

The coming tax-filing season will be full of twists and turns. New tax forms should be in place. Old, familiar tax breaks are gone, replaced by new breaks and new tax-saving opportunities. And the new, ...

See More From: Tax Planning

SLIDE SHOW
August 2017

What You Must Know About Social Security

For many Americans, Social Security benefits are the bedrock of retirement income. Maximizing that stream of income is critical to funding your retirement dreams. The rules for claiming Social Security ...

See More From: Social Security

Roth IRAs
September 2018

Last Chance to Undo a Roth Conversion

The window is closing fast to ask your IRA custodian to put that Roth money back into a traditional IRA before the break disappears for good.

See More From: Roth IRAs

Show More Stories