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You'll Probably Need Long-Term Care at Some Point. Here's How to Pay for It
Most people will need long-term care at some point, but insurance is pricey. Here’s a guide to covering the expenses.
By Elaine Silvestrini Last updated
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Are Credit Cards an Alternative Source of Income?
Thinking that having credit available means you have another source of income is misguided.
By Deborah W. Ellis Published
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Retirement Calculator: How Much Do I Need to Retire?
retirement planning Our Retirement Calculator estimates the future value of your retirement savings and determines how much more you need to save each month to reach your retirement goal.
By Ellen Kennedy Last updated
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Four Questions That Keep Most Pre-Retirees Awake at Night
retirement If you worry about when you can retire, whether you'll have enough money, whether the money you do have will last… Well, you are not alone.
By Nicholas J. Toman, CFP® Last updated
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How IRAs Impact Social Security
Do your traditional IRA distributions count as income that could lower your social security benefits? It depends.
By Tom Taulli Last updated
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How Are I Bonds Taxed? Nine Common Situations
Bonds Series I bonds are a popular investment that can help you save on taxes, but the federal income tax consequences can be complex.
By Joy Taylor Last updated
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How Intrafamily Loans Can Bridge the Education Funding Gap
To avoid triggering federal gift taxes, a family member can lend a student money for education at IRS-set interest rates. Here's what to keep in mind.
By Denise McClain, JD, CPA Published
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Home Office Tax Deduction: Work-from-Home Write-Offs
Tax Breaks Can you claim the home office tax deduction this year?
By Rocky Mengle Last updated
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Roth IRAs: What They Are and How They Work
Roth IRA A Roth IRA is an individual retirement account that allows tax-free investment growth and distributions, as long as key rules are followed.
By Jacob Wolinsky Last updated
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457 Plan Contribution Limits for 2025
Retirement plans There are higher 457 plan contribution limits for state and local government workers in 2025 than in 2024.
By Donna LeValley Published
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How to Appeal the Medicare IRMAA for 2024
Medicare There’s a good chance you can get your IRMAA eliminated or reduced if your income has dropped in the past two years.
By Jackie Stewart Last updated
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Is High-Yield Savings Account Interest Taxable?
Savings Accounts Think a high-yield savings account is a good idea? Don’t forget taxes on savings account interest.
By Katelyn Washington Last updated
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What Is a 403(b) Retirement Plan?
Many teachers and other non-profit workers are offered 403(b) plans, rather than a 401(k). But what is a 403(b)?
By Seychelle Thomas Last updated
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403(b) Contribution Limits for 2024: Good News for Teachers
retirement plans Teachers and nonprofit workers can contribute more to a 403(b) retirement plan in 2024 than they could in 2023.
By Jackie Stewart Last updated
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SIMPLE IRA: What It Is and How It Works
A SIMPLE IRA allows self-employed and small business owners to contribute funds toward their employees' and their own retirement savings.
By Seychelle Thomas Last updated
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Will the Election Impact the EV Tax Credit?
Tax Credits It’s no secret electric vehicles have become a bit of a political issue. But what does that mean for your EV tax break?
By Kate Schubel Last updated
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Can a President Fix Inflation? Here's What Donald Trump Could Do
Inflation has been a thorn in the side of many presidential administrations, but can a president fix inflation? Here's what influence Harris or Trump could have in office.
By Charles Lewis Sizemore, CFA Last updated
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5 Stocks to Buy for a Trump Presidency
Donald Trump has reclaimed the White House. These five stocks are set to benefit from a second Trump presidency.
By Will Ashworth Last updated
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Lower Your Income So You Can Contribute to a Roth IRA
401(k)s If you're just above the income cutoff (MAGI) to qualify for Roth IRA contributions, these strategies will help you meet it and lower your taxes.
By Kimberly Lankford Last updated
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The Average IRA Balance by Age
Knowing how your IRA balance compares to your peers could be the nudge you need to save more for retirement.
By Adam Shell Last updated
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What's Wrong With Trump's Pledge to End Taxes on Social Security Benefits
Social Security Eliminating taxes on Social Security benefits could impact your finances. Here's what you need to know.
By Gabriella Cruz-Martínez Last updated
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Trump Tariff Plan: Which States Would Be Hit the Hardest?
Tariffs Donald Trump's campaign proposal would substantially increase prices in as many as 20 states.
By Gabriella Cruz-Martínez Last updated
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Project 2025 Tax Overhaul Blueprint: What You Need to Know
Election 2024 Some people wonder what Project 2025 is and what it suggests for taxes.
By Kelley R. Taylor Last updated
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A Personal Journey Through Cryptocurrency's Ups and Downs
Cryptocurrency investing presents both big opportunities and significant risks.
By Stephen Nalley Published
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Two Consequential Tax Cases You May Not Have Heard About
The Supreme Court's decisions in these cases create uncertainty about challenging IRS regulations and guidance. Expect more litigation to follow.
By John M. Goralka Published
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SEP IRA vs. Solo 401(k): Which Is Better?
Two retirement plans, the solo 401(k) and SEP IRAs, allow small business owners and the self-employed to save up to $69,000 annually.
By Donna LeValley Last updated
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Roth IRA Basics: 10 Things You Must Know
Financial Planning A Roth IRA can be a great way to save for retirement since the accounts have no required minimum distributions and you withdraw the money tax-free.
By Jackie Stewart Last updated
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SIMPLE IRA Contribution limits are up $500 to $16,500 for 2025. A higher catch-up contribution limit applies for employees aged 60, 61, 62 and 63 in 2025.
simple IRA The SIMPLE IRA contribution limit increased by $500 for 2025. Workers at small businesses can contribute up to $16,500 or $20,000 if 50 or over and $21,750 if 60-63.
By Jackie Stewart Last updated
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When Is the Next Fed Meeting?
The FOMC is expected to maintain a gradual pace of interest rate cuts at the next Fed meeting.
By Dan Burrows Last updated