Among the best stories from Retirement Daily for Aug. 6 - 10: Do you find the tax code confusing? You're not alone. Plus, Medicare research, wills and trusts, and fixed annuities.

Guest contributor Brad Pistole, CEO of Trinity Insurance & Financial Services, asks, "Do you find the tax code confusing?"

Who doesn't?

"Most individuals, Pistole notes, "have a difficult time identifying the differences between an IRA, 401(k), 403(b), TSP, 457, and a Roth IRA account. Each of these accounts have specific rules for contributions and distributions. And these rules get even more complicated depending on your age. There are specific rules if you are under the age of 50 and 59½ and specific rules if you are above the age of 70½. These accounts require knowledge about many topics and the rules can be very confusing. Individuals who study these accounts on a daily basis struggle with keeping it all straight, and it seems the rules are always changing."

You'll want to read more from Pistole in Tax Issues and Distributions From Qualified Accounts, as he explains the rules for taking distributions from qualified accounts. Beware the magic number 59½.

And in case you missed them, here are some more highlights from Retirement Daily this week.

New Retirement Research (Aug. 6 2018)

Here are some of the latest reports, surveys, and studies related to retirement, including research on Medicare, target-date funds and mental illness.

Ask Bob: Questions About Wills and Trusts

A reader wants to know if he can do a trust to replace a will and what are the pros and cons of a trust.

Ask Bob: IRA Distributions and Tax Issues

A reader wants to know about IRA withdrawals, required minimum distributions and tax implications.

Investing For Retirement: 3 Funds Worth a Closer Look

Many income seekers would be well served looking at closed-end funds. And three funds worth a closer look, according to David Tankin, a fixed-income senior research analyst and portfolio manager with a Texas-based bank, are PCM Fund; Nuveen Quality Municipal Income Fund; and Voya Prime Rate Trust.

Fixed Annuities Are an Underutilized Tool

Adviser Ken Waltzer says negative bias combined with poor analytical skills means that annuities are often a difficult sell, even when they might be useful.

New Investments and Products for Retirement (Aug. 7 2018)

The following are new investments that those saving and or living in retirement might consider for their portfolios. We've included commentary from advisers about the investments, as well.

Avoiding the Risks That Come With Long-Term Care Costs

There are ways to avoid the risks that come with long-term care costs, with one of the most tax-efficient being the use of a traditional IRA.