SmartAsset on MSN5h
Should I Convert 10% of My IRA into a Roth Each Year to Avoid Taxes and RMDs?
Roth IRAs are not subject to rules on required minimum distributions (RMDs), and qualifying withdrawals from Roth accounts in ...
Smart Moves To Make Now To Avoid A Larger 2025 Tax Bill While Earning Interest
KEY TAKEAWAYS Interest rates are expected to be held at higher-than-usual levels this year, making high-yield savings ...
You may still be able to slash your taxable income by up to $17,300 before filing—here's how
As with an IRA, you have until April 15 to make a 2024 contribution. For the 2024 tax year, individuals can contribute up to $4,150 if they have self-coverage and up to $8,300 for family coverage. If ...
Common Mistakes To Avoid When Rolling Over Your Retirement Accounts
Avoiding the variety of mistakes that can occur during a retirement account rollover requires careful consideration.
Raiding Your Retirement Funds? Here’s How to Avoid Hidden Tax Traps
I’m still mad about it,” says one taxpayer who was hit with a 10% penalty.