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I'm in the process of transferring my 401(k) but I keep hearing about Roth IRAs - should I do that instead?
When you leave a job, it’s generally a good idea to take your 401(k) plan with you. This doesn’t mean you should cash it out, ...
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Ask an Advisor: I Have $1.4 Million in IRAs. Can I Convert $160k/Year to a Roth to Save on RMDs Later On?
I am 70 and I have $1.4 million in traditional IRAs. Is it best to do $160,000 in Roth conversions for the next 1-3 years to reduce my high RMDs in about 5-10 years? That would put me in the 24% tax ...
Did you know the IRS taxes your bank account? Don’t get caught off guard
IRS rules say that interest earned on bank accounts is taxable income. If you earned a bonus when opening a new account, you ...
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Paying Too Much Tax in Retirement? Here’s How to Lower Your Bill
As painful as it is to pay taxes during your working years, you might loathe the idea of paying taxes in retirement even more ...
Social Security: The Stealth Way You May Be Getting Double Taxed
The problem is that depending on your income, you may also be paying taxes on your Social Security benefits as a retiree. And in a way, that's double taxation. You paid taxes on your wages to qualify ...
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Retirement: When is an IRA for couples a good idea?
A spousal IRA can be a strategic move for couples looking to enhance their retirement savings, especially when one partner ...
The No. 1 rule for becoming a millionaire in America, according to Maria Bartiromo and this Ramsey Show host — will you follow or ignore it in 2025?
It’s possible to become a millionaire, and it begins with one simple step that’s accessible to many Americans.