Bio Rachel L. Sheedy

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Rachel L. Sheedy

Editor
Kiplinger's Retirement Report

Latest Features

Saving for Retirement
September 2019

Protecting Retirement Accounts from Creditors

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

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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.

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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 ...

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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.

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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.

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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.

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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 ...

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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.

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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 ...

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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.

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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 ...

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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 ...

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SLIDE SHOW
January 2019

5 Tips to Deal With Market Volatility

Down 650 points one day. Up more than 1,000 points the next. Down 660 points another day. That was the Dow Jones industrial average’s performance just during one recent week. How should investors ...

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Social Security
January 2019

Restricted Application Social Security Strategy Is on Its Way Out

If you're a boomer turning 66 in 2019, you should take advantage of this claiming strategy to boost your retirement income.

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SLIDE SHOW
December 2018

A Retiree's Guide to Key Dates in 2019

When ringing in a new year, many people resolve to be better organized or improve how they manage their finances. “On January 1st, you should be waking up thinking, ‘What is my overall game plan for ...

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SLIDE SHOW
November 2018

5 Last-Minute Tax Moves Fit for Retirees

The clock is ticking to make tax-saving moves by year-end. Whether you’ve been procrastinating or strategically waiting to fine-tune your 2018 tax planning, the time to act is now. Consider these last-minute ...

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Medicare
November 2018

Medicare Premiums to Rise Slightly in 2019

A possible workaround: See if you qualify for a Medicare surcharge waiver.

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