It might seem counter intuitive to decide to pay MORE taxes now, rather than defer them, but in some cases, that can be a ...

Perhaps the most noteworthy aspect of the OBBB is the new deduction for seniors across America. Taxpayers who are 65 or older can now claim an extra $6,000 as a tax deduction above their standard ...

I asked ChatGPT how to pay fewer taxes in retirement and got 10 straightforward tips, including Roth timing and QCDs. Here's ...

From avoiding costly mistakes to learning how to safeguard retirement savings from inflation, the finance guru offers sound ...

Every week, Allworth Financial’s Steve Hruby, CFP®, and Bob Sponseller, ChFC®, answer your questions. If you, a friend, or someone in your family has a money issue or problem, feel free to send those ...

I have an after-tax 401(k) that I would like to roll over to a Roth IRA with Schwab. Experts at Schwab say it can be rolled over to a Roth IRA without paying any taxes. I think they are wrong as I ...

As we quickly approach the 2024 tax filing deadline of April 15, 2025, many folks are scrambling to not only complete their taxes, but also explore funding traditional IRAs or Roth IRAs for 2024.

Everyone loves the tax-free benefits of Roth accounts for growth, but investments don't always go up Got a question about investing, how it fits into your overall financial plan and what strategies ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. One of the most important decisions anyone has to make in ...

My wife and I are in our early 40s. She has a Roth with $85,000; I have no retirement savings. We’re a few months away from ...

Retirement planners often debate whether to max out a 401(k) or prioritize a Roth IRA. A mathematical analysis reveals that, contrary to popular advice, maxing out a 401(k) before investing in a Roth ...