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 ...

Investing for retirement is more critical than ever. With rising costs, Social Security in jeopardy, and pensions nearly non-existent, you need to take charge of your investments. Investing in ...

If you hold your dividend-paying investments in a regular taxable brokerage account, you will be taxed every time you receive a dividend. This is the very nature of a "taxable" account ...

4. Manage capital gains and losses. You can manage taxable investment accounts by strategically selling investments to offset gains with losses to reduce your taxable income. Keep in mind that ...

The two main types of IRAs are traditional IRAs and Roth IRAs. A traditional IRA is a tax-deferred investment account, meaning qualified contributions are tax-deductible in the year they are made.

There are several virtues to investing in a taxable account: flexibility and a lack of strictures on contributions and withdrawals, as well as fairly favorable tax treatment currently for ...

By diversifying your retirement income sources to include some of these tax-free options, you can potentially lower your ...

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

Pay off high-interest debt and set aside funds for emergencies before investing. Invest in growth stocks, dividend stocks, ETFs, bonds, and REITs to diversify. Use tax-advantaged accounts and ...

Is cash value life insurance taxable? Cash value is often tax-advantaged, but you might pay tax on withdrawals. Click here to ...

The benefit of keeping cash in a growing and secure account usually outweighs any minor bump in taxes. Holding some of your interest-generating investments in tax-advantaged accounts can help you ...