Category: IRAs

Every time I think I have maximized my retirement savings in a given year, I discover a new way to push it even further. This time, it’s the after-tax …

The Saver’s Tax Credit details below have been updated for the 2019 and 2020 tax years. Here is an overview of what is covered in this article: What is …

The IRS just announced its annual update to the maximum IRA contribution limits, which is the max anyone can contribute to an IRA (or multiple IRAs combined) in a given year. …

A few weeks back, I was having a chat with a younger friend who raised the following: “I was hoping to talk about 401K vs saving money to have …

I was having lunch with a co-worker a while back, and the exhilarating topic of retirement accounts came up. Our employer offers a generous 50% 401K match, which led …

If you have self-employment income, SEP IRAs (SEP stands for “Simplified Employee Pension”) are a great vehicle for turbo-charging your retirement savings while simultaneously reducing your tax obligation. The …

When is the IRA Contribution Deadline? Here’s a personal finance 101 must-know special: the deadline for IRA contributions for a calendar year is the tax deadline for that year. …