The Social Security Administration will now require beneficiaries to prove their identity when claiming benefits or changing ...

The simple act of withdrawing money during the downturn not only becomes a taxable event, but it's also going to be an erosion event. If you have another bucket, the reverse mortgage line of credit, ...

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

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 ...

Converting a 401(k) to a Roth IRA can potentially provide valuable long-term benefits, but it also triggers a tax bill that ...

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

Orthopedists, like all physicians, typically have tax reduction and long-term wealth accumulation at the top of their ...

Are there different rules for the spouse versus children inheriting a Roth?' Is there a time I should start withdrawing from a Roth IRA or should I just leave it for my heirs? When inheriting a Roth, ...

Recession fears have some worried, but financial advisors and economists said older Americans shouldn't make major changes to ...

There are many options available, and it could be difficult to determine which account is best for your needs. The three most ...

If you have money in retirement accounts, you may have to start taking required minimum distributions, or RMDs, when you turn ...