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
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...
Medicare’s new $50 weight-loss drug deal is set to expire at the end of 2027
Medicare beneficiaries who qualify for discounted GLP-1 weight-loss medications now face a hard deadline. The Centers for Medicare and Medicaid Services launched the Medicare GLP-1...
Adults just under 65 earning over the ACA limit now get no subsidy, and premiums jumped 58%
Starting in January 2026, Americans aged 60 to 64 who earn above 400% of the federal poverty line will lose all premium tax credit assistance...
A pension lump sum can quietly push your income over a line and raise your Medicare premiums
Retirees who accept a one-time pension buyout can find themselves paying hundreds of dollars more each month for Medicare, even if their regular income never...
A widow can take a reduced survivor benefit at 60 and let her own Social Security grow until 70
Widows who lose a spouse face an immediate financial shock, but Social Security offers a little-known sequencing option that can soften the blow over decades....
Twenty-three hospital systems are now dropping Medicare Advantage plans for 2026
Twenty-three hospital systems across the United States have announced they will stop accepting certain Medicare Advantage plans in 2026, a wave of provider exits that...
Teachers, firefighters and police are getting bigger Social Security checks after Congress repealed a decades-old penalty
More than 3.2 million retired public servants across the United States are seeing their Social Security benefits restored after Congress eliminated two provisions that had...