Retirement planning is about more than saving money. It also requires a thoughtful approach to organizing your assets in a way that minimizes tax liabilities. And an important aspect of that process ...

Married couples may find opportunities to claim more tax breaks by contributing to their respective retirement accounts. Each spouse can contribute up to $23,000 in their 401(k) account for 2024 ...

Many retired couples have spent decades together by the ... This is one of the best gifts you could give me.” Jack and Margaret’s story reminds us that good communication takes effort, even ...

Profit and prosper with the best of expert advice on investing, taxes, retirement ... the annual gift tax exclusion is $15,000 per person; married couples can combine their annual exclusion ...

If one spouse isn't employed, they might be missing out on putting retirement assets in their name—not to mention reducing the tax-deferred growth possibilities as a couple. That effectively ...

A $2 million nest egg is substantial and can provide financial security for many couples, but whether ... buy that car you always wanted in cash or gift some money to your loved ones," he says.

You can start collecting as early as age 62, or you can delay, up to age 70. Starting early means smaller benefit checks -- though you'll collect many more of them than someone who waits until, say, ...

Married or cohabiting couples’ retirement decisions may require extended parameters to their plans depending on age and health differentials. Retirement lifestyle plans may require specific ...

In the first example, the firm looked at a married couple with relatively modest retirement income and an annual budget of $65,000. The couple collects $29,000 in Social Security benefits and has ...