By getting the money in early, the thinking goes, they are giving it time to grow tax-free. In the run-up to tax day, more ...

There's still every reason to make the most of every dollar at this later stage of life, and you've got plenty of ways to continue doing so.

When saving for retirement, you'll typically have two choices for how you'll fund your IRA. With a traditional IRA, you'll ...

When my wife pointed out that our combined income would affect our Roth IRA contributions, I realized I needed to learn more ...

A Roth IRA can be accessed anytime for any reason and is tax- and penalty-free. With the Secure Act, a Roth IRA can continue ...

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

Review and file an amended tax return: If after filing your taxes you discover missed deductions or credits for 2024 or ...

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 high-yield savings account in 2024, you need to report it when you file your ...

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 ...

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

If the complexity of the Roth vs. traditional IRA decision is preventing you from opening an account, just know that simply ...

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 ...