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

If your child has earned income, they can contribute to a Roth IRA. Opening a Roth IRA for kids can significantly change ...

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 ...

Although saving and investing for retirement looks different for everyone, the end goal is typically the same for most people ...

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 ...

Roth IRAs, on the other hand, do not offer a tax break on contributions. Instead, they offer tax-free gains and withdrawals, ...

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.

The Backdoor Roth IRA is a valuable retirement savings tool for high-income earners looking to maximize tax-free retirement ...

However, a 401(k) isn't the only retirement account you should embrace. A Roth IRA can be a great complement to a 401(k). Each has its pros and cons, but I must admit that I prefer a Roth IRA over ...