A Few Important Roth IRA Basics for Investors
IRAs

A Few Important Roth IRA Basics for Investors

Roth IRAs have a lot going for them … if you use them right. Here’s a roundup of the withdrawal rules, penalties and taxation of Roth IRAs.
August 16, 2022
IRAs vs. 401(k)s: Exceptions to 10% Penalty for Withdrawals Under Age 59½ Differ
IRAs

IRAs vs. 401(k)s: Exceptions to 10% Penalty for Withdrawals Under Age 59½ Differ

Before pulling money out of retirement accounts early, check the rules. The exceptions to penalties can differ depending on which type of account you’…
August 2, 2022
Don’t Name Your Estate as Your IRA Beneficiary
IRAs

Don’t Name Your Estate as Your IRA Beneficiary

It may sound like it makes sense, and it might be easier than picking a person (or two) to name, however there are some serious downsides to naming yo…
July 27, 2022
Don't Make These Common IRA Mistakes
IRAs

Don't Make These Common IRA Mistakes

IRA expert Ed Slott walks us through common IRA mistakes and missed opportunities that you can avoid.
July 25, 2022
Tax Changes and Key Amounts for the 2022 Tax Year
tax law

Tax Changes and Key Amounts for the 2022 Tax Year

Americans are facing a long list of tax changes for the 2022 tax year. Smart taxpayers will start planning for them now.
July 19, 2022

Subscribe to Kiplinger's Personal Finance

Be a smarter, better informed investor.
Don’t Be Tricked Into Voluntarily Paying Higher Taxes on Your IRA
IRAs

Don’t Be Tricked Into Voluntarily Paying Higher Taxes on Your IRA

Traditional IRAs are set up in a way that basically incentivizes you (and your heirs) into paying the highest tax bill possible. Don’t fall for it. Co…
July 4, 2022
How 13 Types of Retirement Income Get Taxed
retirement

How 13 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.
June 30, 2022
11 Education Tax Credits and Deductions for 2022
Tax Breaks

11 Education Tax Credits and Deductions for 2022

Whether you're saving for college, currently paying tuition, or dealing with student loan debt, there's probably an education tax break that can help …
June 30, 2022
Thinking About Rolling Your 401(k) into an IRA? 7 Deciding Factors to Consider
IRAs

Thinking About Rolling Your 401(k) into an IRA? 7 Deciding Factors to Consider

When you’re weighing a possible rollover from your company retirement account into an IRA, there are several things to think about first.
May 16, 2022
7 Money-Smart Ways to Spend Your Tax Refund
Tax Breaks

7 Money-Smart Ways to Spend Your Tax Refund

Nearly 60% of taxpayers expect a refund this year, and many will receive a larger amount.
April 22, 2022
10 Tax Deadlines for April 18 (Today is Not Just the Due Date for Your Tax Return)
tax deadline

10 Tax Deadlines for April 18 (Today is Not Just the Due Date for Your Tax Return)

Between requesting a tax extension, making IRA or HSA contributions, and meeting other tax deadlines, there's more to do today than just filing your f…
April 18, 2022
There's Still Time to Contribute to Your IRA and Cut Your Taxes
Tax Breaks

There's Still Time to Contribute to Your IRA and Cut Your Taxes

Although you need to act quickly, you still have time to make a 2021 IRA contribution and lower your tax bill.
April 6, 2022
The Deadline for Your First RMD is April 1
required minimum distributions (RMDs)

The Deadline for Your First RMD is April 1

Time is running out if you turned 72 in 2021 and haven't yet taken a required minimum distribution from your retirement account.
March 28, 2022
The Kip 25: The Best Low-Fee Mutual Funds
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…
March 25, 2022
Getting Around the Stretch IRA Block
Making Your Money Last

Getting Around the Stretch IRA Block

Leaving behind a huge tax bill for your heirs with the stretch IRA scuttled? Here are some ways around it as lawmakers consider an updated SECURE Act.
March 3, 2022
"Above-the-Line" Deductions for Your 2021 Tax Return
Tax Breaks

"Above-the-Line" Deductions for Your 2021 Tax Return

If, like most people, you claim the standard deduction instead of itemized deductions on your return, there are still many other tax deductions availa…
February 1, 2022
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?
January 21, 2022
Lower Taxes on Required Minimum Distributions
Tax Breaks

Lower Taxes on Required Minimum Distributions

When you turn 72, you’ll have to start taking minimum distributions from your traditional IRA and 401(k). These strategies will help trim what you owe…
November 23, 2021
An RMD Deadline is Looming – And Missing It Could Cost You Big Bucks
required minimum distributions (RMDs)

An RMD Deadline is Looming – And Missing It Could Cost You Big Bucks

If you're age 72 or older, take your required minimum distribution now to avoid a big penalty or a double-dip next year.
November 17, 2021
Saver's Credit: A Retirement Tax Break for the Middle Class
Tax Breaks

Saver's Credit: A Retirement Tax Break for the Middle Class

If your income isn't too high, contributing to a retirement account could help you lower your tax bill now.
November 11, 2021
2022 IRA and 401(k) Contribution Limits Are Set (There's Both Good and Bad News)
Tax Breaks

2022 IRA and 401(k) Contribution Limits Are Set (There's Both Good and Bad News)

Workers will be happy to know that they can contribute more to their 401(k) accounts next year, but IRA owners may be a little disappointed.
November 4, 2021
Boost Your Retirement Savings for 2021, 2022
Financial Planning

Boost Your Retirement Savings for 2021, 2022

The time is now to maximize contributions. Also, if you’ve got required minimum or charitable distributions to make, that deadline is coming up.
October 29, 2021
6 Tax Deadlines for October 15
tax deadline

6 Tax Deadlines for October 15

Many taxpayers know that October 15 is the due date for filing an extended tax return, there are other tax deadlines on this date.
October 12, 2021
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
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
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