When stocks fall, it can be a good time to get money out of tax-deferred accounts to avoid a ticking tax time bomb.

A backdoor Roth IRA is fairly straightforward. If you make too much to contribute directly to a Roth IRA, you contribute to a traditional IRA instead and then convert it to a Roth. While you can only ...

With retirement planning and taxes, there are often two ways to look at a question: First, can you do something, and then, ...

For 2025, single filers must have a modified adjusted gross income (MAGI) of less than $150,000 to contribute the Roth IRA maximum of $7,000, or $8,000 for those age 50 or older. For married couples, ...

You can start taking money from your 401 (k) penalty-free at age 59 ½. So you shouldn't be penalized if you are 60 and ...

For many investors, the goal of achieving financial independence or building wealth in the long run focuses around strategies ...

Explore the tax benefits of reverse mortgages, including strategies for Roth conversions and delaying Social Security.

Are there different rules for the spouse versus children inheriting a Roth?' Is there a time I should start withdrawing from a Roth IRA or should I just leave it for my heirs? When inheriting a Roth, ...

This retirement account was created by a provision of the Economic Growth and Tax Relief Reconciliation Act of 2001 and modeled after the Roth IRA, the Roth 401(k) is an employer-sponsored ...

Review and file an amended tax return: If after filing your taxes you discover missed deductions or credits for 2024 or ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. At 57, Peter Thiel – who is now worth about $17 billion — ...

Among workers who have access to a Roth 401(k), only 17% contribute to one. Here's why others want to start ASAP.