Picture this: you’re 65 years old, still working and have around $400,000 saved in a traditional IRA. You’re healthy, active ...

Converting a large sum like $865,000 to a Roth IRA is a strategic move for long-term tax benefits – including tax-free ...

You can also take advantage of tax credits for installing a heat pump. Through the Inflation Reduction Act, homeowners may ...

Learn how to decide whether to max out your 401(k) or IRA first based on your income, tax bracket, and retirement goals.

Individual stocks and mutual funds are better suited for taxable accounts or Roth IRAs. For higher-growth stocks, like emerging markets, small cap and growth-oriented stocks, the Roth IRA is an ...

Regardless of how old you are, you can still reap the benefits of a Roth IRA, a retirement account that allows savers to grow ...

A relatively smooth filing season offered a lot to learn about the future of the IRS, the importance of tax planning, changes ...

The term "opportunity cost" refers to what you give up by choosing one option over another. In this case, choosing to take ...

At age 59 ½, your withdrawals are no longer subject to a 10% penalty, which means it’s cheaper to start moving money to the ...

You don't need an employer-sponsored retirement plan to open a traditional or Roth IRA. Often overlooked is that Heath ...

I started my retirement journey 17 years ago when I was $300,000 in debt. My journey wasn't quick, but fast forward almost two decades, and now I have enough saved to retire at 40.

Single or head of household: You must have a MAGI of $150,000 or less to contribute the full $7,000 to a Roth IRA (or $8,000 ...