A backdoor Roth IRA is a strategy that allows high-income earners to bypass the ordinary income limits on Roth contributions and get money into a Roth IRA account. The strategy is called a “backdoor” ...

Although Roth IRAs offer tax-free gains and withdrawals, losing the up-front tax break can be a harsh blow. It's also not always such a bad idea to have some taxable income in retirement. Skip a Roth ...

Tax and estate planning isn’t for the faint of heart. The rules are complex and each decision seems to have a multitude of moving parts. Take James and Andrea, a couple in their early 80s who’ve been ...

For wealthy families, passing down a traditional individual retirement account simply transfers a big tax burden from the owner to the heirs. Processing Content That's why strategies such as ...

The IRS unveiled contribution limit changes for popular retirement plans, including 401(k) plans and IRAs. Americans who contribute to 401(k) and 403(b) plans, as well as governmental 457 plans and ...

I am a 66-year-old married man with a substantial balance – $1 million-plus — in my IRA. Last year, I started to convert to a Roth by doing a modest Roth conversion. I know that calculating the amount ...

David Lee Roth has just announced a 30-date tour of the US and Canada. The former Van Halen frontman's travels will begin on April 16 in Airway Heights, Washington and are currently set to conclude on ...

Trina Paul is a Breaking News and Personal Finance Writer at Investopedia, covering topics like retirement, consumer debt, and retail investing. She focuses on making complex financial topics ...

Tax day 2026 isn’t until Wednesday, April 15, but there’s still one important date left on your 2025 tax calendar: Dec. 31. Preparing your taxes can be stressful, time-consuming, and overwhelming.

Required minimum distributions (RMDs) on pre-tax retirement accounts start at age 73 for account holders born between 1951 and 1959. The Secure 2.0 Act ended RMDs on Roth 401(k) plans and Roth 403(b) ...

Build a cash flow investing plan with dividends and interest. Learn growth vs. value, plus three income pillars—fixed income, ...

Many high-income taxpayers are already fully taking advantage of a company-sponsored 401(k) plan by maximizing their annual pre-tax contributions. For taxpayers over age 50, that includes taking ...