If you’re unable to contribute to a Roth account directly, there’s good news — you can convert a traditional retirement plan ...

When saving for retirement, you'll typically have two choices for how you'll fund your IRA. With a traditional IRA, you'll ...

It’s no secret that healthcare will likely be one of your larger expenses once your career ends and your retirement plan ...

A Roth IRA can be accessed anytime for any reason and is tax- and penalty-free. With the Secure Act, a Roth IRA can continue ...

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

For 2025, we are focusing on preferred shares due to their attractive yields and lower risk. Check out John and Jane's ...

An IRA is a tax-advantaged retirement savings account. Learn about the types of IRAs and their advantages to help you decide ...

The IRS views interest on a savings account as earned income, whether it's $1 or $1,000. So, if you received interest on a high-yield savings account in 2024, you need to report it when you file your ...

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 ...

A software engineer recently posted his income in the Salary Reddit Group. He currently pays more than $75k in taxes each ...

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

The story of the ill-fated Vega should offer an object lesson in bad planning for today’s car industry. The rise of electric vehicles is the most transformative event in automobile manufacturing since ...