Using an IRA calculator helps you identify the best contribution strategy to maximize your retirement savings, especially if ...

Traditional IRA provides $142,322.17 more in after-tax value (30.88% advantage) Your tax rate is expected to decreasefrom 24.00% to 22.00%in retirement Reinvesting Traditional IRA tax savings adds ...

Failure to take your RMD before the deadline results in an excise tax penalty equal to 25% of the amount not withdrawn. Prior ...

Learn how to identify excess IRA contributions and the steps to fix them, avoid penalties, and manage your retirement savings effectively.

The subject of having multiple traditional IRA accounts came up recently in a presentation I was giving on QCDs. The context was donating IRA money to charity after age 73 during the IRA's required ...

WASHINGTON -- The Inflation Reduction Act, a $739 billion measure signed into law by President Joe Biden on Tuesday, levies a 15% minimum tax on large corporations and marks the most significant ...

Time flies— and never so quickly as we approach the annual deadline for taking required minimum distributions from ...

The benefits associated with traditional individual retirement accounts (IRAs) are numerous. There are tax advantages, and IRAs offer an impressive range of investment options. In addition, IRAs are ...

“It’s best to use Roth accounts when you have a long time horizon or are in a low tax bracket,” said Scott Meyer, wealth manager and partner at Merit Financial Advisors. “The reason is if you are ...

Socking away money for retirement is something that’s top of mind for many people. Many Americans save money for their "Golden Years" through workplace retirement plans and individual accounts they ...

I’ll be 63 next month. I’ve been retired for almost a year. I’m single, have no debt, and I’m in excellent health. I have $350,000 in home equity, $1 million in a 403(b), $80,000 in a Roth IRA, ...