Step 1: Inventory and document what you have. I’d recommend that you broaden the inventory process to encompass all of your ...

The IRS views interest on a savings account as earned income, whether it's $1 or $1,000. So, if you received interest on a ...

Key Points Harvard just announced a major change to its tuition model, and more universities may follow suit. You may be wondering if it pays to scale back on college savings in light of this ...

Early withdrawals. Those who want to take money out of their 401 (k) account before age 59 1/2 for other reasons may be ...

If $1 million was once the consensus target for retirement savings in the U.S., that appears to be changing. A recent Schwab Retirement Plan Services survey found that 401(k) plan participants across ...

When the economy is showing signs of recession, emptying your cash bucket for a conversion can be counterproductive. If you're in retirement and need cash for living expenses, you'd have to ...

Are there different rules for the spouse versus children inheriting a Roth?' Is there a time I should start withdrawing from a Roth IRA or should I just leave it for my heirs? When inheriting a Roth, ...

Recession fears have some worried, but financial advisors and economists said older Americans shouldn't make major changes to ...

Signing well-designed last wills and revocable living trusts is just the beginning of a longer process to create an “ideal ...

For 2025, single filers must have a modified adjusted gross income (MAGI) of less than $150,000 to contribute the Roth IRA maximum of $7,000, or $8,000 for those age 50 or older. For married couples, ...

Once you open a Roth IRA and the five-year rule begins, the waiting period can be applied to other accounts. After five years have passed, you’ll still need to meet certain requirements to be ...