retirement plans

I Contributed Too Much to an IRA – What Should I Do?
IRAs

I Contributed Too Much to an IRA – What Should I Do?

The rules on excess IRA contributions can be confusing. But if you act early, you can minimize any effect on your taxes.
September 28, 2021
Strategies for Roth IRAs You May Not Have Thought Of (Yet)
Roth IRAs

Strategies for Roth IRAs You May Not Have Thought Of (Yet)

Most people think of the obvious tax benefits Roth IRAs offer, but these accounts have some less-obvious advantages that savvy savers – whether young …
September 27, 2021
Tax Changes and Key Amounts for the 2021 Tax Year
tax law

Tax Changes and Key Amounts for the 2021 Tax Year

Americans are facing a long list of tax changes for the 2021 tax year. Smart taxpayers will start planning for them now.
September 23, 2021
The Downside of Delaying RMDs
required minimum distributions (RMDs)

The Downside of Delaying RMDs

With the SECURE Act 2.0, Congress is contemplating raising the age for required minimum distributions. However, don't assume you would benefit from th…
September 16, 2021
The RMD Solution to the Hassle of Filing Estimated Taxes in Retirement
required minimum distributions (RMDs)

The RMD Solution to the Hassle of Filing Estimated Taxes in Retirement

If you don't need the money to live on, wait until December to take your RMD and ask the sponsor to withhold a big chunk for the IRS.
September 14, 2021

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When and Why You Might Consider a Strategic Roth Conversion
Roth IRA Conversions

When and Why You Might Consider a Strategic Roth Conversion

For two of my clients, the time was right for executing a Roth IRA conversion. Here’s why, and how they made the strategy work for them.
August 30, 2021
The Pitfalls of Self-Directed Roth IRAs
IRAs

The Pitfalls of Self-Directed Roth IRAs

If a typical Roth IRA doesn’t give you the investment opportunities you’re looking for, a self-directed Roth IRA might be of interest. However, you’d …
August 28, 2021
12 Questions Retirees Often Get Wrong About Taxes in Retirement
retirement

12 Questions Retirees Often Get Wrong About Taxes in Retirement

You worked hard to build your retirement nest egg. But do you know how to minimize taxes on your savings?
August 27, 2021
How to Find a Lost Retirement Account
Financial Planning

How to Find a Lost Retirement Account

A national database to find forgotten 401(k)s and pensions could be on the way, but savers should take action now to locate any missing retirement acc…
August 27, 2021
Free (or Cheap) College for Retirees in All 50 States
retirement

Free (or Cheap) College for Retirees in All 50 States

Whether it's to complete a degree, gain new knowledge or just for fun, retirees can collect their books and get on (back) to school in a most inexpens…
August 25, 2021
To Make the Most of Your 401(k), Hire an Adviser Right Now
401(k)s

To Make the Most of Your 401(k), Hire an Adviser Right Now

Your 401(k) may be your biggest retirement asset, yet chances are you’re not really managing it. More companies are letting their employees hire profe…
August 25, 2021
The Ins and Outs of IRAs with Ed Slott, CPA
Roth IRA Conversions

The Ins and Outs of IRAs with Ed Slott, CPA

Are you saving for retirement? Good start. But almost everyone has something to learn about optimizing their individual retirement account from IRA st…
August 23, 2021
3 Great Reasons to Try After-Tax 401(k) Contributions
401(k)s

3 Great Reasons to Try After-Tax 401(k) Contributions

They won’t save you money on your taxes this year, like the more well-known (and popular) pretax 401(k) contributions do, but three types of people co…
August 9, 2021
The Right Retirement Plan: Do I Choose a Traditional or Roth 401(k)?
401(k)s

The Right Retirement Plan: Do I Choose a Traditional or Roth 401(k)?

If your workplace offers a Roth 401(k) retirement savings plan in addition to a traditional 401(k), picking between them comes down to taxes.
August 7, 2021
I Inherited an IRA. Now What?
Financial Planning

I Inherited an IRA. Now What?

Here’s what you should consider if you inherit money in either a traditional or a Roth IRA.
August 4, 2021
Calculate Your Required Minimum Distribution From IRAs
required minimum distributions (RMDs)

Calculate Your Required Minimum Distribution From IRAs

Determine your mandatory RMDs from a traditional IRA.
July 27, 2021
Here’s What to Do with the Money Left Behind in Old 401(k) Accounts
401(k)s

Here’s What to Do with the Money Left Behind in Old 401(k) Accounts

First off, don’t lose track of it! You’d be surprised how many people forget about their old 401(k)s.
July 25, 2021
IRA Tax Planning: Minimizing the RMD Ticking Time Bomb
required minimum distributions (RMDs)

IRA Tax Planning: Minimizing the RMD Ticking Time Bomb

Couples with a bit of an age difference have an interesting strategy available to them to reduce taxes on their retirement savings due to required min…
July 14, 2021
The Most-Overlooked Tax Breaks for Retirees
Tax Breaks

The Most-Overlooked Tax Breaks for Retirees

Unfortunately, seniors often miss tax-saving opportunities that are available to them. Don't let that happen to you!
July 1, 2021
11 Costly Medicare Mistakes You Should Avoid Making
Medicare

11 Costly Medicare Mistakes You Should Avoid Making

If you don't make the right choices to fill in the health coverage gaps, you could end up with high Medicare premiums and big out-of-pocket costs.
June 30, 2021
How Automatic Enrollment in 401(k)s Could Reshape Saving for Retirement
Financial Planning

How Automatic Enrollment in 401(k)s Could Reshape Saving for Retirement

The SECURE Act 2.0 could require employers to automatically enroll eligible workers in retirement plans. If the legislation passes, there could be pro…
June 23, 2021
401(k) Basics: 7 Things You Should Know When You Enroll
401(k)s

401(k) Basics: 7 Things You Should Know When You Enroll

When you start a job there’s a ton of paperwork to fill out, but don’t let that keep you from carefully considering what to do about signing up for yo…
June 16, 2021
Why You Need a Roth IRA
Roth IRAs

Why You Need a Roth IRA

With this indispensable savings tool, your money grows tax-free, you can invest in almost anything and you get several cool perks.
June 14, 2021
Everything You Must Know About "Backdoor" Roth IRAs
Roth IRAs

Everything You Must Know About "Backdoor" Roth IRAs

If you earn too much to contribute directly to a Roth IRA, there are still ways to move funds to this type of an account.
June 14, 2021
How Teens Can Start Investing Through a Roth IRA
retirement

How Teens Can Start Investing Through a Roth IRA

By beginning to invest in a Roth IRA at an early age, today’s teens can become tomorrow’s millionaires.
June 14, 2021