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.
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How advisors can use ABLE accounts for disabled clients
A relatively new option, the Achieving a Better Life Experience (ABLE) savings accounts were first created in 2014 as ...
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Millions of people on disability can now save money without losing benefits—here’s how
Many Americans on SSI or Medicaid don’t realize they can now save and invest money through a special account without risking ...
Tax-free childcare: How does it work and are you missing out?
As almost any parent will testify, childcare fees can be eye-wateringly expensive – in some cases higher than mortgage costs ...
Do I have to pay taxes on a high yield savings account?
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 ...
Slash Your Retirement Taxes: The Reverse Mortgage Advantage
Explore the tax benefits of reverse mortgages, including strategies for Roth conversions and delaying Social Security.
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These accounts can be the ‘worst possible asset' for retirement, expert says. Here's why
By comparison, Roth accounts, which are funded with after-tax dollars and grow tax-free, don't have RMDs until after the accountholder's death. But these accounts are less common. As of mid-2023, only ...
Maximize your tax refund: Smart strategies for financial success
Many Americans are in line to receive a refund from the IRS this tax season. Here are the best ways to put that money to use.