Follow these tips to help clients draw down their retirement funds in a tax-efficient manner and avoid common mistakes.

If your modified adjusted gross income (MAGI) is too high, your Medicare Part B premiums could skyrocket. This article ...

Early withdrawals can shrink your 401(k) savings. See how to calculate the IRS 10% penalty, and learn about exceptions, SECURE 2.0 updates, and penalty‑free alternatives.

From RMDs to Medicare surcharges, these common retirement tax traps could quietly raise your bill in 2026 if you don't plan ...

It pays to calculate RMDs (Required minimum distributions) as you approach retirement or if you are already retired. RMDs are the minimum annual withdrawals you must make each year from most ...

For most of your working career, the focus of your retirement planning is on accumulating savings and investing that money ...

Bright Wealth Management helps people create a clear plan to get to and through retirement by focusing on education, clarity ...

Annual gross income Think of this as your salary, or the sum of your wages and tips, plus any income from interest, dividends, alimony, retirement distributions, unemployment compensation and Social ...

Retirement offers the promise of relaxation, adventure, and enjoying the fruits of your labor. However, taxes remain an unwanted guest at the party. Navigating the complex web of tax laws can be ...

And how much is enough? I ask Carl Richards this question because he hosts a podcast about financial planning and raises this ...