Bad News on IRA and 401(k) Contribution Limits for 2021
retirement plans

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 deadline

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
12 Tax Deadlines for July 15 (It's Not Just the Due Date for Your Tax Return)
tax deadline

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
Tax Breaks

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
How Much Can You Contribute to a Traditional IRA for 2019?
IRAs

How Much Can You Contribute to a Traditional IRA for 2019?

The IRA contribution limit is $6,000 for 2019. If you are age 50 or over, you can contribute an extra $1,000 as a catch-up contribution.
April 4, 2020

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The Tax Consequences of a "Backdoor" Roth IRA
IRAs

The Tax Consequences of a "Backdoor" Roth IRA

When you have multiple traditional IRAs with a mix of pretax and after-tax contributions, converting some of that money into a Roth IRA can complicate…
December 18, 2018
Converting a Traditional IRA to a Roth in Retirement
retirement

Converting a Traditional IRA to a Roth in Retirement

You can convert money to a Roth no matter how old you are. But if the conversion boosts your income, it could have taxing consequences.
June 1, 2018
How to Contribute to a Roth IRA If You Earn Too Much
IRAs

How to Contribute to a Roth IRA If You Earn Too Much

High incomers can use the "backdoor" Roth strategy, but beware the pitfalls.
March 5, 2018
Pros and Cons of Rolling Your 401(k) Into an IRA
401(k)s

Pros and Cons of Rolling Your 401(k) Into an IRA

We tell you when it makes sense to move your 401(k) account to an IRA — and when it’s smart to stay put.
March 23, 2017
10 Things You Must Know About Traditional IRAs
IRAs

10 Things You Must Know About Traditional IRAs

The traditional IRA is one of the best options in the retirement-savings toolbox.
September 13, 2016
Roll Over a Lump-Sum Pension Payout Into an IRA
IRAs

Roll Over a Lump-Sum Pension Payout Into an IRA

Be sure to watch out for the tax bite when choosing between a traditional or Roth individual retirement account.
March 5, 2015
How to Minimize Taxes When You Inherit an IRA
IRAs

How to Minimize Taxes When You Inherit an IRA

One key: Take minimum distributions each year based on your life expectancy.
January 17, 2014
Which Account to Pick First
IRAs

Which Account to Pick First

Your choice will have a big impact on your taxes.
May 31, 2007