Retirement & Taxes
Long-term financial planning, retirement accounts, government benefits, tax law, and IRS rules. Covers the intersection of policy and personal finance that affects how people save, invest, and plan ahead.
Latest in Retirement & Taxes
UnitedHealth dropped Medicare Advantage in 109 counties, cutting about 180,000 members
Roughly 180,000 seniors and people with disabilities enrolled in UnitedHealth Medicare Advantage plans will need to find new coverage for 2026 after the insurer pulled...
The age to start required retirement withdrawals rises to 75 in 2033
Millions of Americans with traditional IRAs and workplace retirement plans will be able to leave their savings untouched two years longer than the current rule...
The saver’s credit can cut your tax bill up to $1,000 for money you put toward retirement
Low- and moderate-income workers can shave up to $1,000 off their federal tax bill for each person filing, simply by putting money into a retirement...
The 2027 Social Security raise is now pegged near 3.8%, about $79 more a month
Roughly 68 million Social Security recipients could see their monthly checks rise by about $79 starting in January 2027, based on early projections that peg...
This year’s average IRS refund rose to $3,275, up from $3,230
Tens of millions of American taxpayers received slightly larger refund checks this filing season, with the average refund climbing to $3,275 through April 17, 2026,...
Miss a required retirement withdrawal and the penalty is now 25%, or 10% if you fix it fast
Retirees who miss a required minimum distribution from a traditional IRA or workplace retirement plan now owe the IRS 25% of the amount they failed...
Medicare’s Part B deductible is projected to rise about $27 to $310 in 2027
Tens of millions of Medicare beneficiaries face a projected $27 jump in their annual Part B deductible for 2027, bringing the amount to $310 before...
Workers aged 60 to 63 can put an extra $11,250 into a 401(k) this year
Workers who will be between ages 60 and 63 in 2026 are getting a rare late-career boost to retirement savings. Under Internal Revenue Code rules,...
Social Security scrapped a plan that would have made disability harder for older workers
Older Americans who depend on Social Security disability benefits narrowly avoided a rule change that could have cut off tens of thousands of claims each...
Social Security now lets you repay an overpayment over 60 months without proving your finances
Social Security beneficiaries who owe money back to the government gained a significantly longer runway to repay overpayments without having to open their books to...
Medicare’s Part D drug deductible rises to $700 in 2027, up from $615
Medicare beneficiaries enrolled in standard Part D drug plans will pay up to $700 out of pocket before coverage kicks in starting in 2027, an...
A Roth conversion has no income limit, letting high earners shift IRA money into a Roth
High earners who want to move traditional IRA balances into a Roth IRA face no income ceiling on conversions, a rule that has been in...
Disabled workers can earn up to $1,690 a month in 2026 and still keep their SSDI
Starting in 2026, Social Security Disability Insurance recipients who are not statutorily blind can earn up to $1,690 per month and still keep their benefits,...
The IRS just made penalty relief automatic for taxpayers who usually file and pay on time
Taxpayers with a clean compliance record will no longer need to call the IRS, write a letter, or file paperwork to get a first-time penalty...
Medicare’s new $50 weight-loss drug copay won’t count toward your $2,100 out-of-pocket cap
Medicare beneficiaries who fill a GLP-1 weight-loss prescription through the new Medicare GLP-1 Bridge program will pay a flat $50 copay per month, but none...
Several divorced ex-spouses can each collect survivor benefits on the same worker, and none reduces another
A worker who was married and divorced more than once can leave behind multiple ex-spouses, each entitled to survivor benefits on that single earnings record....
The PBGC now guarantees a failed pension up to $93,477 a year for a 65-year-old
Retirees whose single-employer pension plans fail in 2026 can now receive up to $93,477 a year from the Pension Benefit Guaranty Corporation, the highest cap...
Leave your job at 55 or later and you can tap that 401(k) with no early-withdrawal penalty
Workers who separate from an employer at age 55 or older can pull money from that employer’s 401(k) without paying the 10 percent early-withdrawal penalty...
Social Security cut its disability backlog by a third, but the share of claims it approves fell to 36%
Americans waiting for a disability decision from the Social Security Administration got mixed news this summer. The agency announced it had slashed the number of...
Send up to $111,000 from an IRA straight to charity tax-free, and it counts as your required withdrawal
Retirees who are at least 70 and a half years old can now transfer up to $111,000 directly from an individual retirement account to a...