Take these financial steps before New Year’s Day and you can save on taxes, improve your credit, fine-tune your portfolio and boost your retirement savings.Here's where to start.
This fall, older savers who are feeling generous may want to consider using their individual retirement account to help fund their favorite charities.
There’s an incentive for being altruistic: It could help retirees manage their Medicare premiums in 2022.
It’s now easier for older savers to continue socking money away for retirement.
Just be aware that unintended consequences may follow — and they could cost you.
That’s due to the Secure Act, legislation that was signed into law late last year and took effect in 2020.
The Securities and Exchange Commission’s Regulation Best Interest requires advisors and broker-dealers to have a process to document their rollover recommendations — something most advisors don’t have, warns IRA and tax specialist Ed Slott.
The Securities and Exchange Commission’s Regulation Best Interest requires advisors and broker-dealers to have a process to document their rollover recommendations — something most advisors don’t have, warns IRA and tax specialist Ed Slott.
It sometimes seems like when it comes to college-savings vehicles, 529s are the only game in town.
But investors are doing themselves a disservice if they don’t also look at another savings tool available: Coverdell Education Savings Accounts (ESAs).Like 529s, ESAs are a tax-favored way to save for education expenses.
2020 will be a year to remember for decades to come.In the world of tax and retirement planning, it’s brought opportunities for advisors to present to clients
Can you really make millions and pay little or nothing in taxes, and do it legally?Absolutely
Tonight, Democratic presidential candidate Joe Biden will take on President Trump in a debate about the economy, coronavirus response, the integrity of the upcoming election and more.But for many, another question is top of mind: what will the results of the 2020 presidential election mean for my taxes?
Q: I have two Roth IRAs at separate brokerage firms.I want to name my wife as beneficiary for one account and my son as beneficiary for the other.
When I die, can my wife convert her account into her own Roth IRA so she does not have to withdraw the money in 10 years
