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Senior citizens age 70.5 and over who own an IRA can take advantage of tax-free qualified charitable distributions. They can transfer up to $100,000 per year, counting toward the required minimum ...
Tax Filing Status. 2024 MAGI. 2025 MAGI. Traditional IRA Deduction. Single individuals covered by a workplace retirement plan. $77,000 or less. $79,000 or less
Image source: Getty Images. The SECURE 2.0 Act was signed into law a few years ago, but some of its most significant changes to retirement accounts like IRAs haven't taken effect just yet. In fact ...
Most seniors don't pay a premium for Part A, but they do for Part B. The standard Part B monthly premium rose from $174.70 in 2024 to $185.00 in 2025. 5 2025 Medicare Changes Every Retiree Should Know
Several changes are coming to Medicare Part D prescription drug plans in 2025 that could impact drug costs and plan coverage. One change is an annual $2,000 out-of-pocket cap.
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If you're ready to save more money for retirement, the new 2025 IRA contribution rules could help. See how people aged 50 and over can save extra in 2025.
Part B deductible and premium. Medicare Part B covers outpatient care, durable medical equipment, and some prescription drugs. In 2024, the Part B deductible is $240 but will rise by $17 to $257 ...
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