Latest articles by Mike Piershale, ChFC
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How To Buy a Roth IRA When You Make Too Much To Qualify For One
Roth IRAs With their tax-free growth and tax-free withdrawals, Roth IRAs are a great deal — if you qualify. If you don’t, well, there’s still a way to get into the game in a big way.
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Your 401(k)s and IRAs Have a Dark Side
401(k)s Yes, they are a tax-advantaged way to save for retirement, but they come with some disadvantages you should know about.
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Roth IRA Conversions are on Sale
retirement Many retirement savers can get an extra-good deal on Roth conversions right now. Here's why.
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Financially, Marriage Makes a Lot of Sense for Retirees
Making Your Money Last There are some major financial benefits to tying the knot. From IRAs to Social Security and tax exemptions, there are many reasons (besides the obvious one: love) for older couples to say I do.
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Want to Beat Boring CDs? Munis Can Be a Conservative Way to Increase Yield
retirement Municipal bonds come with some risks that bank CDs don't, but there are ways to minimize them while still getting a better return. Plus, the interest you earn is tax free, and who doesn't love that?
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New Pass-Through Tax Deduction Could Be a Bust for Business Owners
taxes When all is said and done, the QBI deduction could actually end up forcing people who save for retirement in a SIMPLE IRA, SEP IRA or 401(k) to pay more in taxes, not less.
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How to Recover from a Pre-Retirement Financial Crisis
Making Your Money Last If you're close to retirement, the pressure is on because you don't have much time to bounce back from something like a job loss or divorce.
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Beware of Kiddie Taxes When You Leave Heirs Your IRA
retirement Children and grandchildren inheriting traditional IRAs could quickly find themselves in the top 37% tax bracket thanks to changes ushered in by the Tax Cuts and Jobs Act.
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Tracking Down IRA Basis: A Gold Mine for Beneficiaries
IRAs No one likes to pay taxes unnecessarily, but that's what a lot of people who inherit IRAs end up doing. Failing to track down the IRA basis associated with an inheritance can be a costly mistake.
