IRAs
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 …
October 26, 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
The 25 Best Low-Fee Mutual Funds to Buy in 2020
The 25 Best Low-Fee Mutual Funds to Buy in 2020
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…
September 29, 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
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Who Can Still Do a Stretch IRA after the SECURE Act: Explaining the Exceptions to the Rule
Who Can Still Do a Stretch IRA after the SECURE Act: Explaining the Exceptions to the Rule
Many beneficiaries who inherit IRAs lost a major tax break recently, but five types of people still qualify for this “stretch IRA” benefit. Are you am…
August 3, 2020
6 Money-Smart Ways to Spend Your Stimulus Check
6 Money-Smart Ways to Spend Your Stimulus Check
If you don't have to use your stimulus check for basic necessities, consider putting the money to work for you. You'll thank yourself later.
July 30, 2020
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 July 15, many people just recently filed their tax return. That means there are a lot of tax refunds…
July 17, 2020
12 Tax Deadlines for July 15 (It's Not Just the Due Date for Your Tax Return)
12 Tax Deadlines for July 15 (It's Not Just the Due Date for Your Tax Return)
Between due dates for paying estimated taxes, IRA or HSA contributions, and other deadlines, there's more to do by July 15 than just filing your feder…
July 14, 2020
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.
July 9, 2020
Retirees Get Another Break with Expansion of RMD Waiver
Retirees Get Another Break with Expansion of RMD Waiver
The CARES Act cancelled "required minimum distributions" for 2020...and the IRS just expanded that relief to help more seniors and give more time to u…
June 24, 2020
Tax Changes and Key Amounts for the 2020 Tax Year
Tax Changes and Key Amounts for the 2020 Tax Year
Americans are facing a long list of tax changes for the 2020 tax year...and it's never too early to start thinking about next year's return.
June 22, 2020
12 Ways to Get Your Retirement Plan Back on Track
12 Ways to Get Your Retirement Plan Back on Track
If your financial situation hits a rough spot, there are a number of things you can do to get your retirement plan moving in the right direction again…
June 19, 2020
12 Tax Deductions and Credits That Help You Pay for College
12 Tax Deductions and Credits That Help You Pay for College
Whether you're saving for college, currently paying tuition, or dealing with student loan debt, there's probably a tax break that can help your bottom…
June 12, 2020
RMD Waiver + Stimulus Check = Tax Credit
RMD Waiver + Stimulus Check = Tax Credit
For seniors who got a stimulus check of less than $1,200, not having to take a required minimum distribution from their retirement accounts this year …
June 6, 2020
Retirees Get a Break on IRA Distributions
Retirees Get a Break on IRA Distributions
The IRS is expected to come out with additional guidance, but here’s what we know so far.
June 4, 2020
The Stock-Bond Shuffle of Asset Location
The Stock-Bond Shuffle of Asset Location
It's a well-used strategy to help minimize taxes. Take a look at how it works.
June 4, 2020
Gifts for Grads to Build Good Money Habits
Gifts for Grads to Build Good Money Habits
Today’s graduates aren’t destined to share the same fate as past generations, so it’s important for them to ramp up their money skills.
May 13, 2020
5 Ways to Better Optimize Your Finances
5 Ways to Better Optimize Your Finances
Small changes can help you do the best possible with what you have. Here are some tweaks to consider making to your financial life.
May 13, 2020
Roth IRA Conversions are on Sale
Roth IRA Conversions are on Sale
Many retirement savers can get an extra-good deal on Roth conversions right now. Here's why.
May 12, 2020
10 Things Social Security Recipients Need to Know About Their Stimulus Check
10 Things Social Security Recipients Need to Know About Their Stimulus Check
It's especially difficult for Social Security recipients to learn the ins and outs of stimulus checks, since there are several special rules that only…
May 9, 2020
9 Ways to Raise Cash Quickly
9 Ways to Raise Cash Quickly
The $2 trillion coronavirus stimulus package is providing a $1,200 check for millions of Americans.
May 6, 2020
Economic Aid for Millennials: Stimulus Checks, Student Loan Relief and More
Economic Aid for Millennials: Stimulus Checks, Student Loan Relief and More
The coronavirus pandemic is killing our economy, and millennials are being hit particularly hard.
May 6, 2020
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?
May 1, 2020
5 Retirement Lessons Learned From the Great Recession
5 Retirement Lessons Learned From the Great Recession
The Great Recession of 2007-09 turned retirement dreams into nightmares.
April 17, 2020