How you approach taxes in your golden years and in the years before retirement can dramatically impact how much you pay.

In reality, though, the best move for a lot of people is to take the tax hit and convert a lot of money quickly, says Laurence Kotlikoff, an economics professor at Boston University. “Go big or go ...

Saving for retirement in a tax-advantaged plan makes a lot of sense. Why not reap some IRS benefits in the course of building ...

Discover how converting your traditional IRA to a Roth IRA can provide tax-free withdrawals and no RMDs for you and your ...

There are five main choices for the self-employed or small-business owners: an IRA (traditional or Roth), a Solo 401(k), a SEP IRA, a SIMPLE IRA or a defined benefit plan. Many, or all ...

The idea of paying taxes now in exchange for the prospect of lower taxes decades in the future struck me as preposterous.

As we embark on a new year, here’s a reminder of the significant changes to retirement plan contribution limits and related ...

A Roth IRA is a versatile retirement account that offers unique benefits, especially for those aiming to maximize tax-free ...

Sometimes the IRS lets you fix a mistake without a penalty. Here are some instances, including examples involving IRAs and RMDs.

It doesn't take a high income to land in a high tax bracket. A single adult earning $48,000 finds themselves paying 22% on their top-taxed dollars. Learn More: American Opportunity Tax Credit: What ...

High-income households can use what's called a "backdoor Roth" to utilize a Roth IRA despite the program's standard income ...

Tax season officially gets underway, with an expansion of the IRS's Direct File program now available in 25 states. Monday ...