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How Does a Roth 401(k) Work? A Beginner’s Guide
A Roth 401(k) allows you to contribute money toward your retirement with protection from tax rate increases in the future.
Tax Filing Tips for College Students
If you're in college, money is likely tight. You can generally file your taxes for free if you have a straightforward return. Taxpayers with adjusted gross incomes of $84,000 or less can prepare and ...
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Will Social Security Run Out Before You Retire?
Experts do think Social Security will exist years from now, but your payout may be less than you're expecting.
Don't Let These 3 Retirement-Related Taxes Catch You Off Guard This Year
Retirees receiving pension payments will also have to pay ordinary income tax. How much you'll owe depends in part on the tax ...
Rolling Over Your 401(k)? Take These 4 Key Steps to Avoid Costly Tax Mistakes
If a participant rolls over ineligible amounts to their IRA, it could create an excess contribution. Excess contributions ...
Tax Changes You Can Expect in Retirement
Social Security, retirement accounts, taxable accounts and pensions all have different tax implications. When you start ...
81% of Gen Xers worry they won’t receive Social Security benefits. Here are 5 ways to boost your retirement savings now
Most Americans rely on Social Security benefits to help make ends meet during retirement. But there are concerns that the ...
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Roth IRA vs. traditional IRA: Which is better for you?
Traditional IRAs offer the potential for tax deductibility in the present, while Roth IRA contributions are made with ...
My Roth IRA stock is down. Is there any way to harvest the loss?
Or, you could sell the stock within the Roth and redeploy the funds to something you think will do better. You won't be able to take any loss for tax purposes, but you could stop the bleeding. If you ...