As a new mom, planning for my daughter’s future is top of mind. Before opening a savings or brokerage account, I asked ...

In a letter to Treasury and the IRS, the AICPA requested guidance on language in proposed regulations issued in January.

Responding to a recent call from a financial advisor in Colorado, the ERISA consultants at the Retirement Learning Center (RLC) address a question on whether children can have Roth IRAs and who can ...

A spousal IRA isn’t a unique type of IRA or a joint account, but instead it is a separate IRA opened and owned in the name of the nonworking or low-income earning spouse. This w ...

Lawmakers have been calling for some form of investment account for newborns for years with mixed results, but the Trump account aims to solve the dilemma.

The budget bill signed into law on Friday includes a provision for investment accounts for newborns. Citizens born between ...

Parents can contribute up to $5,000 per year per kid into a Trump Account. This figure will be indexed to inflation starting ...

The IRS has announced updates to the income phase-out ranges for IRA contributions in 2025, affecting eligibility for both traditional and Roth IRAs. As prices increase, these changes help keep ...

Roth IRAs can be an attractive addition to your portfolio, but boy, are they surrounded by rules and regulations. It's easy ...

Some heirs are considered "eligible designated beneficiaries," and the 10-year rule does not apply to them. These include ...

My good friend Bob from Munster had a question I thought merited visiting in the column. Bob’s question involved a topic we are dealing with more and more often in ...