24/7 Wall St. on MSN6hOpinion
I’ve been maxing out my after-tax 401(k) and converting it to a Roth for 2 years — is this a good strategy?
Some 71 million workers have access to 401(k) retirement plans and they have saved $8 trillion toward their retirement. The ...
How Roth Accounts Can Ease Your Tax Burden in Retirement
Strategic Roth IRA conversions can set you up for tax-free income in retirement and a tax-free inheritance for the people you ...
Tax Diversification: Smart Ways to Preserve Your Nest Egg
A long and active retirement may be costly — and may even bump you into a higher tax bracket. Paying some taxes on your ...
Want to Open a Traditional IRA? Here's a Step-by-Step Guide
Opening a traditional IRA is a fairly straightforward process involving only a few steps. Here's what you need to know to ...
Choosing a 401(k) Plan Over Individual Stocks
A 401(k) plan allows individuals to save for retirement with tax advantages and employer matches they forego when saving ...
Tony Robbins sends strong message on Roth IRAs, 401(k)s
Personal finance author and philanthropist Tony Robbins offers some important advice about each of these retirement savings ...
Should You Use Your 401(k) to Pay Off Debt?
If you take out a 401 (k) loan, you’ll temporarily have fewer funds invested. In the case of withdrawals, the money will be ...
24/7 Wall St.3d
I'm on track for a multi-million 401(k) - is there a 'too big' balance that forces me into higher taxes later?
It’s an unfortunate thing that many people enter retirement with little to no money in savings. But in this Reddit post, we ...
Beyond Immediate Tax Savings: 4 Advantages of a 401(k)
Under the Employee Retirement Income Security Act (ERISA), your 401 (k) funds are typically protected from creditors and ...
I'm 60, retired, and have around $2 million in my 401(k). How do I plan my withdrawals in a way that minimizes taxes?
You can start taking money from your 401 (k) penalty-free at age 59 ½. So you shouldn't be penalized if you are 60 and ...
What is the difference between a backdoor Roth IRA and a mega backdoor Roth?
A backdoor Roth IRA is fairly straightforward. If you make too much to contribute directly to a Roth IRA, you contribute to a ...
Roth conversions are the retirement version of 'buy the dip'
When the economy is showing signs of recession, emptying your cash bucket for a conversion can be counterproductive. If you're in retirement and need cash for living expenses, you'd have to ...