IRAs
Tax Changes and Key Amounts for the 2021 Tax Year
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.
June 28, 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
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
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
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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
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
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
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
Claim These "Above-the-Line" Deductions on Your Tax Return (Even If You Don't Itemize)
Claim These "Above-the-Line" Deductions on Your Tax Return (Even If You Don't Itemize)
If, like most people, you claim the standard deduction instead of itemized deductions on your return, there are still many other tax deductions availa…
March 5, 2021
Your Guide to Roth ConversionsSpecial Report
Special ReportYour Guide to Roth Conversions
A Kiplinger Special Report
February 25, 2021
Tax Tip: Reporting a 2020 RMD From an IRA That You Later Returned
Tax Tip: Reporting a 2020 RMD From an IRA That You Later Returned
If you paid back a "required minimum distribution" from an IRA last year, you still have to report the payout on your 2020 tax return.
February 23, 2021
How 10 Types of Retirement Income Get Taxed
How 10 Types of Retirement Income Get Taxed
When you're planning for retirement, it's fun to contemplate all the travel and rounds of golf ahead of you, but don’t forget about taxes.
February 9, 2021
Tax Changes and Key Amounts for the 2020 Tax Year
Tax Changes and Key Amounts for the 2020 Tax Year
There were a lot of tax changes for the 2020 tax year. Get familiar with them now – before you file your 2020 tax return.
February 8, 2021
The 25 Best Low-Fee Mutual Funds You Can Buy
The 25 Best Low-Fee Mutual Funds You Can Buy
The key to building wealth long-term is buying high-quality (but low-fee) mutual funds run by seasoned stock pickers who have skin in the game. Here a…
January 16, 2021
10 Things Social Security Recipients Need to Know About Their Second Stimulus Check
10 Things Social Security Recipients Need to Know About Their Second Stimulus Check
It's a bit more difficult for Social Security recipients to learn the ins and outs of second-round stimulus checks, since there are a few special rule…
January 4, 2021
6 Money-Smart Ways to Spend Your Second Stimulus Check
6 Money-Smart Ways to Spend Your Second Stimulus Check
If you don't have to use your second stimulus check for basic necessities, consider putting the money to work for you. You'll thank yourself later.
December 28, 2020
Smaller IRA Withdrawals Coming Up
Smaller IRA Withdrawals Coming Up
Starting in 2022, the amount you’ll be required to withdraw from your retirement accounts after age 72 will decline modestly—which means your tax bill…
December 20, 2020
An Overview of Self-Directed IRAs: Basics for Investors
An Overview of Self-Directed IRAs: Basics for Investors
Well-informed investors who want more options and more control with their IRAs (and who don’t mind extra work and the possibility of greater risk) may…
December 7, 2020
Your Guide to Roth Conversions
Your Guide to Roth Conversions
Like marriage, converting a traditional IRA to a Roth is not a step that should be taken lightly.
November 24, 2020
Bad News on IRA and 401(k) Contribution Limits for 2021
Bad News on IRA and 401(k) Contribution Limits for 2021
Retirement savers will be disappointed with the contribution limits for next year, but at least more people will qualify for retirement tax breaks in …
November 5, 2020
Tax Extension Deadline: File Your 2019 Return by October 15 to Avoid Penalties
Tax Extension Deadline: File Your 2019 Return by October 15 to Avoid Penalties
If you chose to extend your tax return's due date, the tax extension deadline is October 15!
October 15, 2020
Roth IRA Contribution Limits for 2020
Roth IRA Contribution Limits for 2020
The Roth IRA contribution limit remains the same for 2020 as it was for 2019. Retirement savers 50 and older can contribute an extra amount. Income li…
October 1, 2020
Deadline for Returning RMDs to Retirement Accounts is Approaching Fast
Deadline for Returning RMDs to Retirement Accounts is Approaching Fast
Retirees who took a required minimum distribution earlier this year need to act quickly if they want to avoid taxes on the money they withdrew.
August 24, 2020