The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Starting in 2027, Americans 50 and older earning more than $145,000 will generally need to pay taxes upfront on their 401(k) ...

Generally, couples who file jointly get more tax breaks. But there are plenty of reasons to file separately, depending on ...

Parents need better ways to transfer wealth to children and effectively grow that money in the most tax-efficient manner ...

The IRS has released the new income limits for federal income tax brackets for the tax year 2026. The brackets you fall into ...

A sturdy ceramic plate beats a flimsy paper one, just like a Roth IRA beats taxable accounts for young long-term investors.

"Starting in January, employees and retirees can transfer money from their regular TSP account to a Roth TSP account," said Art Stein.

Your 529 plan isn’t just for college anymore. You can now use up to $10,000 per year from your 529 plan for K-12 tuition at ...

Called “Rethinking Roth Conversions in 2025: Navigating New Tax Laws and Opportunities," and sponsored by Leimberg Information Services, the webinar delved into how the bill President Trump signed ...

Roth IRA and other investment account limits are rising, creating new opportunities for investors. This video explains how ...

Have an issue with your financial planner or looking for a new one? Email questions or concerns to [email protected].

Trump Accounts come with $1,000 seed deposits for babies born between 2025 and 2028. These accounts could be even more ...