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 ...

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 ...

A CFP explains how to convert a $1.6M 401(k) to a Roth IRA without triggering high taxes, plus tips on timing, tax brackets, ...

Learn 5 expert-backed Roth IRA secrets that could boost your retirement savings and help you avoid common mistakes investors make.

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 ...

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 ...

When it comes to paying taxes, less is obviously better. In the last few years, that has meant a big push for converting any traditional pretax IRA balance to a Roth IRA, which allows the funds to ...

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.

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 ...

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 ...