retirement plans
401(k) Basics: 7 Things You Should Know When You Enroll
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
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
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
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
Invest in a Roth 401(k) If You Can
Invest in a Roth 401(k) If You Can
Workers of all ages can benefit from stashing away after-tax money now in exchange for tax-free withdrawals in the future.
June 11, 2021
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2 Essential Strategies for Taking Your RMDs
2 Essential Strategies for Taking Your RMDs
Whether you need to take required minimum distributions to live or find them to be a nuisance, here are some tips to make the most of withdrawing thes…
June 10, 2021
Your Secret Weapon to Help Win the Retirement Saving Battle: Roth 401(k)
Your Secret Weapon to Help Win the Retirement Saving Battle: Roth 401(k)
Thanks to their unique tax benefits and the higher amounts you can contribute, Roth 401(k)s have a lot going for them, when compared to their traditio…
June 4, 2021
401(k)s: 10 Things You Must Know About These Retirement Savings Plans
401(k)s: 10 Things You Must Know About These Retirement Savings Plans
These accounts can be a great way to save for retirement while giving you a tax break now. But beware of the fees plan providers charge for 401(k)s.
June 1, 2021
8 Money-Smart Ways to Spend Your Tax Refund
8 Money-Smart Ways to Spend Your Tax Refund
Since this year's tax deadline was pushed back to May 17, many people just recently filed their tax return. That means there are a lot of tax refunds …
May 21, 2021
SECURE Act 2.0: 10 Ways the Proposed Law Could Change Retirement Savings
SECURE Act 2.0: 10 Ways the Proposed Law Could Change Retirement Savings
If passed, the Securing a Strong Retirement Act would automatically enroll some workers in retirement plans and raise the mandatory age for RMDs.
May 19, 2021
10 Best Financial Benefits for Military Families
10 Best Financial Benefits for Military Families
Service members face a range of threats – from the lethal to the financial. A wide array of generous benefits and programs are meant to offset some of…
May 19, 2021
Today is the Last Day to Fund Your IRA and Cut Your Taxes
Today is the Last Day to Fund Your IRA and Cut Your Taxes
Although you need to act quickly, you still have a few hours to make a 2020 IRA contribution and lower your tax bill.
May 17, 2021
9 Tax Deadlines for May 17 (Today Isn't Just the Due Date for Your Tax Return)
9 Tax Deadlines for May 17 (Today Isn't Just the Due Date for Your Tax Return)
Between due dates for extension requests, IRA or HSA contributions, and other deadlines, there's more to do by today's tax deadline than just filing y…
May 17, 2021
Saver's Credit: A Retirement Tax Break for the Middle Class
Saver's Credit: A Retirement Tax Break for the Middle Class
Your retirement contributions could be the key to a lower tax bill.
May 3, 2021
The Kip 25: The Best Low-Fee Mutual Funds
The Kip 25: The Best Low-Fee Mutual Funds
The key to building wealth long-term is buying high-quality, low-cost mutual funds run by seasoned stock pickers. Here are our favorites: The Kiplinge…
April 29, 2021
12 Cheapest Small Towns in America 2021
12 Cheapest Small Towns in America 2021
Affordable small towns aren't necessarily the best places to live for everyone, but each cheap small town on our list has its charms.
April 15, 2021
10 Questions Retirees Often Get Wrong About Taxes in Retirement
10 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?
April 7, 2021
Taking a 401(k) Loan to Fill Income Gaps? Tips Before You Dip!
Taking a 401(k) Loan to Fill Income Gaps? Tips Before You Dip!
If your credit card charges 17% interest and a loan from your 401(k) charges 4.25%, you might wonder: What have I got to lose? Yes, there are downside…
March 26, 2021
How to Report an IRA Charitable Distribution on Your Tax Return
How to Report an IRA Charitable Distribution on Your Tax Return
Your IRA administrator will send you a 1099-R, noting your entire distribution; you need to report it to Uncle Sam — and call out what portion was use…
March 23, 2021
The Best T. Rowe Price Funds for 401(k) Retirement Savers
The Best T. Rowe Price Funds for 401(k) Retirement Savers
A dozen T. Rowe Price mutual funds also have a place among the nation's most popular 401(k) retirement products. Find out which funds belong in your r…
March 22, 2021
Retirement Planning for the Self-Employed: 5 Options for Lowering Taxes and Maximizing Saving
Retirement Planning for the Self-Employed: 5 Options for Lowering Taxes and Maximizing Saving
Being your own boss has its perks, and those include special retirement savings possibilities, such as SIMPLE IRAs, SEP IRAs and Solo 401(k)s.
March 20, 2021
6 Money-Smart Ways to Spend Your Third Stimulus Check
6 Money-Smart Ways to Spend Your Third Stimulus Check
If you don't have to use your third stimulus check for basic necessities, consider putting the money to work for you. You'll thank yourself later.
March 20, 2021
Is Now the Right Time for You to Make a Roth Conversion?
Is Now the Right Time for You to Make a Roth Conversion?
Timing is everything with Roth IRA conversions. Whether it’s the right time for you depends on where you are in life. Are you still working? Retired? …
March 18, 2021
Calculate Your Required Minimum Distribution From IRAs
Calculate Your Required Minimum Distribution From IRAs
This calculator makes it easy to compute your required minimum distributions from a traditional IRA, which started when you hit age 70½ if you were bo…
March 9, 2021
The Best American Funds for 401(k) Retirement Savers
The Best American Funds for 401(k) Retirement Savers
American Funds has 14 actively managed mutual funds among the 100 most popular 401(k) offerings. We look at the Best American Funds in that group, and…
March 9, 2021