Bio Rachel L. Sheedy

See All Authors »

Rachel L. Sheedy

Editor
Kiplinger's Retirement Report

Latest Features

Medicare
November 2019

Medicare Part B Premiums Climb for 2020

High-income retirees will experience the biggest changes.

See More From: Medicare

Tax Planning
November 2019

End-of-Year Moves to Trim Your 2019 Tax Tab

It's time to look for last-minute moves that can shrink your 2019 tax bill. But the end of the year is coming fast, so don't procrastinate.

See More From: Tax Planning

Required Minimum Distributions (RMDs)
November 2019

Proposed RMD Rules Would Trim Mandated Distributions for Retirees

Ways to get your voice heard on possible new life expectancy tables that would affect your money.

See More From: Required Minimum Distributions (RMDs)

Rethinking Retirement
October 2019

Secure Act Threatens 'Stretch' IRA Rules That Benefit Heirs

Some retirees are concerned about a provision that could require heirs to empty inherited retirement accounts within 10 years and pay a lot more in taxes.

See More From: Rethinking Retirement

IRAs
September 2019

IRA Aggregation Rule: When Many IRAs Become One

Manage withdrawals from multiple retirement accounts carefully to avoid surprises (and penalties).

See More From: IRAs

Saving for Retirement
September 2019

Protecting Retirement Accounts from Creditors

Degrees of legal protection differ for 401(k)s and IRAs.

See More From: Saving for Retirement

Tax Tips
September 2019

Heirs Can Use NUA Tax Break for Inherited 401(k)s

This tax-saving move will result in more money in your pocket if you inherit employer stock.

See More From: Tax Tips

SLIDE SHOW
July 2019

Time Claims to Maximize Social Security Benefits

Social Security benefits have long been a critical part of Americans’ retirement income plans. After all, the monthly benefits provide a stream of income that is adjusted for inflation annually and can’t ...

See More From: Social Security

Tax Prep & Filing
July 2019

IRS Remodels the 1040 for 2019

The IRS is reducing the number of schedules and improving the form to make it less confusing.

See More From: Tax Prep & Filing

Tax Prep & Filing
July 2019

IRS Releases Draft Form of New 1040 Tailored for Seniors

Easier-to-read form highlights retirement income streams and other tax benefits for citizens 65 and older.

See More From: Tax Prep & Filing

Annuities
July 2019

Taking Advantage of Higher QLAC Limits in 2019

You'll need to crunch some numbers before you contribute more toward your qualified longevity annuity contract for retirement.

See More From: Annuities

SLIDE SHOW
June 2019

7 Midyear Moves Retirees Can Make to Trim 2019 Tax Tabs

As July Fourth nears, there are fireworks to enjoy and cookouts to attend. But in the midst of all the celebrating, assess where you stand with Uncle Sam halfway through the tax year. “It’s a good ...

See More From: Tax Planning

IRAs
June 2019

Secure Act Calls for Changes to IRAs, RMDs

Nixing the age cap for contributions and raising the age to start required minimum distributions could affect workers, retirees and heirs.

See More From: IRAs

SLIDE SHOW
May 2019

Inherited 401(k)s: 6 Questions Heirs Need to Ask

An inherited 401(k) can be a lasting legacy, but the windfall needs to be handled carefully to maximize the inheritance and minimize taxes. Your relationship to the deceased and the 401(k) plan’s own ...

See More From: 401(k)s

Tax Prep & Filing
March 2019

Ways to Avoid IRS Underpayment Penalties

There are several options for penalty relief if you end up owing more in taxes than you anticipated.

See More From: Tax Prep & Filing

SLIDE SHOW
March 2019

9 Smart Strategies for Handling RMDs

After decades of squirreling away money in tax-advantaged retirement accounts, investors entering their seventies have to flip the script. Starting at age 70½, Uncle Sam requires taxpayers to draw down ...

See More From: Required Minimum Distributions (RMDs)

SLIDE SHOW
February 2019

Start Trimming Your 2019 Tax Tab Now

As you complete your 2018 tax return, turn some attention to your tax plans for 2019. Although tax reform triggered a slew of major changes in 2018, the landscape has settled this year. In terms of tax ...

See More From: Tax Planning

Show More Stories