Let’s go back to the tax-bracket model that we used above. Since you’re still working and earning $80,000, you might choose ...

Failure to file penalty: 5% of your unpaid taxes for each month your return is late, up to 25%. Failure to pay penalty: 0.5% per month on the unpaid balance. Together, these penalties can add up ...

Picture this: you’re 65 years old, still working and have around $400,000 saved in a traditional IRA. You’re healthy, active ...