Can a nursing home seize your savings? What if your money is in a trust or a Roth IRA? For married and single retirees alike, these are important questions with nuanced answers. First for the good ...

A Roth IRA allows you to contribute money you've already paid income tax on (after-tax dollars). Then, if the account has been open at least five years, you can withdraw funds after age 59 1/2 and ...

"Both types of tax advantages are great, but if your employer offers a Roth 401 (k), we always recommend taking that option," ...

Perhaps it is no surprise, then, that few older Americans have Roth accounts. The share of Vanguard clients with Roth IRAs in 2023 dwindles by age, from 21% at ages 25-34 to 9% at age 65 and older.

Mega Backdoor Roth IRA – If your 401 (k) plan allows for after-tax contributions, you may be eligible for a Mega Backdoor Roth strategy. Charitable Giving – Strategic donations can reduce your ...

Tax season is an excellent time to review your Roth IRA strategy. For me, this means making contributions as early in the calendar year as I can. Here are key contribution guidelines to know about ...

Money withdrawn from a traditional IRA or 401 (k) is taxed as ordinary income, while withdrawals from Roth IRAs are not taxed at all (as long as you follow the rules).

And since Roth 401 (k)s don’t have income limits like Roth IRAs, higher earnings won’t be a problem. If you like the flexibility that comes with a Roth IRA, you could also look to put some ...

A Roth IRA, under the right conditions, is the best retirement vehicle you can have. Just ask Peter Thiel. According to ProPublica reporting sourced from IRS records, between 1999 and 2021 Thiel ...

Connecticut’s program MyCTSavings has been in operation for three years, but the state legislature has already made some adjustments that expand its scope and fine tune its administration.

(or Roth IRA-style program) in which participants can contribute up to $7,000 a year that is automatically deducted out of an employee’s paycheck.