My wife and I are about 10 years from retirement.We want to begin converting money in our individual retirement accounts to a Roth IRA, but the tax bite looks like a problem
Many Americans are using a previously little-known tax method to boost their savings.Now, the government is trying to stop it.
The tax strategy at issue is the mega-backdoor Roth conversion and it has allowed some Americans to amass sizable balances in tax-free Roth retirement accounts
This week Democrats on the House Ways and Means Committee voted to advance dozens of proposed tax changes.Some are tax increases that would raise more than $2 trillion of revenue to help fund the party’s priorities.
CPA and IRA expert Ed Slott joins host J.R.Whalen to explain the "Mega Backdoor Roth IRA Conversion," a little-known technique allowing people to make annual tax-free retirement account contributions above government-imposed limits
If you inherited an individual retirement account from someone who died after 2019, a recent change in federal tax rules could affect the manner in which you make withdrawals known as required minimum distributions, or RMDs.
Cryptocurrencies, among the world’s most volatile assets, are searching for mainstream acceptance in the investment world.Their next target: your retirement portfolio.
Financial services companies are rolling out new products and services that allow more everyday investors to add bitcoin and other virtual currencies to their nest eggs as a way of reaching for higher returns
Can you explain how a special-needs trust works?We have an adult child on disability and have been told we can set up a special-needs trust for her
The arrival of 2021, as welcome as it was, put a hard stop on most moves by Americans to lower their 2020 tax bills.The window for things like making charitable donations or taking capital losses to offset gains slammed shut on December 31.
But there are still a few things people can do now to cut last year’s taxes
In a recent column, you talked about the possible pitfalls in retirement of giving financial help to adult children and family members.My question: How do you say “no”
I’m thinking about buying long-term-care insurance.Can you recommend a particular insurer or type of policy?
Actually, your best first step is not to shop for a carrier or policy
