Personal Finance Advice and Commentary

Monday, February 23, 2015 7:00 am
By Dr. Don Taylor · Bankrate.com

The Roth IRA and the Roth 401(k) are funded with after-tax dollars, but qualified distributions are tax-free in retirement.

Wednesday, February 04, 2015 7:00 am
By Dr. Don Taylor · Bankrate.com

Read the fine print when you work with your investment professional. While they tend to be knowledgeable about taxes, there’s a disclaimer somewhere that they aren’t providing you tax advice.

Tuesday, March 11, 2014 3:15 pm
By Jennie L. Phipps · Bankrate.com

President Barack Obama’s 2015 budget takes aim at Roth IRAs. Should you be worried?

Tuesday, July 09, 2013 9:31 am
By Jennie L. Phipps · Bankrate.com

Match your grandchild’s summer earnings and deposit the money in a Roth IRA. Compounding will turn a small gift into a big retirement nest egg.

Wednesday, April 17, 2013 5:03 pm
By Jeff Fruhwirth · Bankrate.com

Here are five smart ways to put your tax refund to work.

Friday, April 12, 2013 12:26 pm
By Kay Bell · Bankrate.com

Your 2012 tax return isn’t the only thing due by April 15. You also have to deal with your IRA, HSA, estimated taxes and possibly a 2009 unclaimed refund by that date.

Tags: HSA, IRA, Roth IRA
Friday, December 28, 2012 10:59 am
By Shannyn Allan · Bankrate.com

Most New Year’s resolutions fall by the wayside, but we have 13 easy-to-implement ways to fine-tune your finances in 2013.

Thursday, October 18, 2012 2:33 pm
By Kay Bell · Bankrate.com

If you’re a baby boomer like me, you’re worrying a bit more every day about when — or whether — you’ll be able to retire.

Thursday, March 15, 2012 4:26 pm
By Jennie L. Phipps · Bankrate.com

Here are a couple of fine points of retirement planning tax management. Your accountant probably knows all of this, but if you’re the do-it-yourself type or you have a tax preparer who’s new to you, this might be helpful.

CPA Tim Steffen, who is director of financial planning for Robert W. Baird in Milwaukee, says it’s important to keep track of any nondeductible contributions you might have made to a traditional IRA.

Steffen says that while nondeductible contributions have no impact on your tax liability in the year they are made, if you don’t report these contributions on your return using Form 8606, it’s more difficult to …

Wednesday, March 14, 2012 6:18 pm
By Jennie L. Phipps · Bankrate.com

Fidelity Investments, which provides more IRAs and 401(k) plans than any other investment company in the U.S., pointed out today that its 700,000 customers ages 65 to 69 with both a 401(k) and an IRA have an average of $359,000 in their retirement accounts. That’s nearly three times as much as customers have who save

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