The Taxpayer Relief Act of 1997 created a new version of the account, called the Roth IRA, where workers contributed after-tax dollars but could withdraw tax-free funds in retirement. The Roth variant ...

When considering where to put your money for retirement, you may have to choose between an IRA and an annuity. These ...

There are limits as to how much you can contribute and for income thresholds for individual retirement accounts. For 2024 and 2025, you can contribute $7,000.

There has been a lot of talk lately about the mega backdoor Roth IRA. For a long time, it was an unspoken secret used by ...

A backdoor Roth IRA is a strategy that allows high-income earners to bypass the ordinary income limits on Roth contributions ...

It’s finally time to start using the money you managed to save and invest over the years. But be careful: Taxes are just one ...

Your 401k is a valuable tool to help move your retirement nest egg in the right direction. While it may not be the optimal ...

When it comes to money goals for 2025, chances are good you’re hoping to save more. After all, almost everyone is eager to ...

The first step is to open a Roth IRA and start making direct contributions if you're eligible. For 2025, the contribution ...

No RMDs – With a traditional IRA, you’ll have to start taking withdrawals – called required minimum distributions, or RMDs – ...

The SECURE 2.0 Act increased the catch-up contribution for some employees to $10,000 or 150% of the standard catch-up contribution, whichever is greater. Since 150% of $7,500 is $11,250, that's the ...

Financial planner Dan Moisand tackles readers' questions about Roth conversions, from the whats to the whens and more.