Unlike retirement accounts, there are no federal contribution limits for variable annuities, and the investment gains won’t be taxed until they are withdrawn.
Higher yields have led to record new issues of municipal bonds in 2024 and early 2025.
As tax filing season approaches, the IRS warns taxpayers to watch for scams that can cause identity theft, financial loss, or criminal penalties.
The prospect of unlimited paid time off may be appealing, but there are also some potential pitfalls to consider.
Estimate the future value of your current savings.
Will you be able to afford nursing home care?
Estimate how much would remain after paying income taxes and penalties if you took an early distribution from a retirement plan.