This retirement account is an ‘IOU to the IRS’ — but here’s when it makes sense, expert says
Your pre-tax IRA is subject to future income taxes, depending on your bracket. But it could offer planning opportunities, ...
Only 17% of Americans Use This Amazing Retirement Account
Among workers who have access to a Roth 401(k), only 17% contribute to one. Here's why others want to start ASAP.
No employer plan? Here's how to save for retirement on your own
Saving for retirement on your own is a critical task if you don't have access to a workplace plan. Tax time is the best time ...
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This retirement strategy is a ‘game changer' for single-income, married couples, advisor says
If you’re a single-income, married couple, you could use a spousal IRA to save more for retirement. Here’s what to know.
We contributed to our kids' Roth IRAs to help them get a financial head start
When our kids started work as teenagers, we made a deal with them. If they contributed 25% of their income to Roth IRAs, we'd ...
Scammers Stole Their Savings, and Then the Tax Bill Arrived
The victims pulled money out of their retirement accounts. The withdrawals had inflated their taxable income, even though the ...
The Simple Retirement Formula: Save More, Spend Less
Retirement planning ultimately boils down to a simple equation: the more saved, the sooner financial independence becomes ...
How much of your Social Security income is taxable?
You may be required to pay taxes on a portion of your Social Security benefits. Here's what you can expect to pay.
5 Reasons Why You May Be Able To Retire Earlier Than You Think
The first reason many people can retire earlier than expected is the tendency for spending to decline with age. According to ...
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Ask an Advisor: What Should I Do With My Retirement Accounts When I Retire?
When entering retirement, would it be best to transfer your pension fund and 401(k) from your employer account to your own personal individual retirement account (IRA), keeping them under one roof?