A $1 million 401(k) balance puts you ahead of 95% of American savers. But a large balance creates five specific tax and ...

With the recent news about Trump Accounts, some American families are wondering if this is the best option to grow savings ...

He insists it’s better to use our regular assets to live on and let the IRA monies grow as long as possible. I’d rather save ...

A workaround for the Roth IRA income restrictions enables wealthier individuals to to earn tax-free income. But how long will ...

Run the numbers: For 2025, the standard deduction is $31,500 for married couples and $15,750 for singles. If your total itemized deductions — including mortgage interest, charitable giving, and state ...

There's always the option to withdraw from your savings and write a check to charity afterward. But if you send money directly from your retirement account to a qualifying charity, you can potentially ...

Dear Savvy Senior, What are the rules regarding inherited IRAs? My brother and I recently inherited our father’s IRA when he ...