While Bill made too much money to buy a $7,000 Roth IRA, by making after-tax contributions to his 401(k) and then rolling them over, it allowed him to put $27,500 into a Roth IRA. What a deal for ...

RMDs: Beginning at age73 (or 75 if you were born in 1960 or later), you must begin taking RMDs from your 401 (k), even if you ...

Converting now would enable you to spread a possible tax hit over more than one payment while reducing future taxes.

Both a Roth IRA and a 529 Plan are valid ways to save for a college education. Each has unique benefits and limitations. Starting in 2024, unused funds in a 529 account may be converted into a Roth ...

Roth IRAs have their benefits -- but also a big drawback. So I'd encourage you to look at other savings plans instead.

The most important strategy for saving for children's college funds is to set up an automatic savings plan as soon as ...

One Big Beautiful Bill' makes 529 plans more flexible, some skeptics say the education savings plans still may not be ...

A 401 (k) is one of the most common tax-advantaged retirement accounts, typically offered through large or midsize employers.

If you plan to take a break in 2022 and don't plan to earn at least $6,000 for the year, you won't be able to contribute the maximum amount to a Roth IRA. Your contribution will be limited to your ...

For example, you can contribute the full amount to a Roth IRA if your income is under $146,000, and make reduced contributions until your income exceeds $161,000. The maximum contribution limit ...

Now that Roth 401(k) plans will soon be exempt from those RMDs, it becomes possible to build that lifelong source of tax-free retirement cash without going through an IRA. That is huge, for a ...

SECURE 2.0 introduces a provision that allows a 529 education plan to be rolled into a Roth. Aside from a great opportunity to extend tax-free growth for children or grandchildren, it creates a ...