After your spouse dies, you could face a surprise higher tax bill, financial experts say. But it’s possible to prepare with advanced planning.

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 ...

Making a last-minute contribution to an IRA before the 2024 tax filing deadline could reduce your 2023 tax bill. Be aware of the income limits associated with IRAs and Roth IRAs to see if you're ...

The deadline for contributions coincides with the deadline for filing taxes. If you fund a Roth IRA in April 2024 for the calendar year of 2023, the five-year rule starts as of Jan. 1, 2023.

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

Roth IRAs, on the other hand, do not offer a tax break on contributions. Instead, they offer tax-free gains and withdrawals, ...

Maximize your tax refund with strategies like adjusting your withholding, contributing to retirement accounts, taking ...

You can cut through the confusion of whether a Roth IRA or Traditional IRA will be your best bet by asking yourself six ...

In the case of many individuals investigating the FIRE (financial independence, retire early) lifestyle, there is always a ...

It might sound too good to be true, but paying little to no taxes in retirement can be a reality if you plan ahead, reveals ...

If you’re a single-income, married couple, you could use a spousal IRA to save more for retirement. Here’s what to know.

You may be required to pay taxes on a portion of your Social Security benefits. Here's what you can expect to pay.