If you're taking a required minimum distribution from an IRA, 401(k) or other tax-deferred account and don't need the money to cover living expenses, where should you stash that unneeded cash?

In the case of many individuals investigating the FIRE (financial independence, retire early) lifestyle, there is always a question about the best moves. What works for one individual and how they ...

Transferring funds from a pre-tax retirement account such as an IRA to an after-tax Roth IRA is a move many retirement savers ...

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The only option open to taxpayers at all income levels is a traditional nondeductible IRA, but this subjects investors to two ...

One of the biggest mistakes to avoid is withdrawing money early. If you take money out of your IRA before the age of 59 ½ — ...

There’s an inherited IRA rule change for 2025 that could trigger a 25% tax penalty for certain heirs. Here’s what investors ...

Although saving and investing for retirement looks different for everyone, the end goal is typically the same for most people ...

Note: You must have the contribution sent directly from your IRA to the charity to avoid it counting as an RMD. Consider Roth IRA Conversions Before You Turn 72 If you retire before age 72 and ...

The Backdoor Roth IRA is a valuable retirement savings tool for high-income earners looking to maximize tax-free retirement income. By following the proper steps, avoiding the pro-rata rule, and ...

A backdoor Roth IRA is fairly straightforward. If you make too much to contribute directly to a Roth IRA, you contribute to a ...

reduce or delay your RMDs. Roth conversion: You can convert your IRA to a Roth account, once you’ve taken your RMD for the year. You’ll pay taxes on the amount you convert, so one tactic is to ...