Roth IRA

When it comes to saving for retirement, you have choices. You could open a traditional IRA and enjoy a tax break on the money you put into that account. Or, you could open a Roth IRA and forgo an initial tax break, but enjoy other benefits down the line. Roth IRAs allow the money you invest to grow tax-free, and withdrawals in retirement are also tax-free. That could, in turn, … [Read more...] about This Is a Really Bad Reason to Open a Roth IRA

Infrastructure fantasies; trouble with the U.S.-Malta Treaty; the future of contactless prep; and other highlights from our favorite tax bloggers.Fair warningTaxable Talk (http://www.taxabletalk.com/): This post “35,300,000” looks at the recent National Taxpayer Advocate’s semi-annual report to Congress, which offered “the true state of tax returns at the IRS. Fair warning, … [Read more...] about In the blogs: Smart advice

For those facing difficult and unexpected life events, one of the most cumbersome and difficult things to have to deal with revolves around household finances. A book authored by a certified financial planner tailors the subject matter of the work specifically to this subject, and in one chapter details how a reverse mortgage might be able to be used strategically for someone … [Read more...] about Financial Strategy Book Details How a Widowed Spouse Can Use a Reverse Mortgage

(Newser) – ProPublica is continuing its investigative series on how the richest of the rich avoid paying taxes, and the latest story is surprising in that it revolves around a "relatively … [Read more...] about How Peter Thiel Used Loophole to Amass $5B in His Roth IRA

Clark believes it's essential that teenagers work starting at 15. Every dollar they DON'T spend, they can put into a Roth IRA (with a parental match if possible). Teaching deferred gratification gets youths in the habit of saving money to build for the future. / The summer is prime wedding season, and with so much pent-up demand, weddings are back – in a different form. Why … [Read more...] about 06.30.21 Working Teens & Roth IRAs / How much should you spend on your wedding? – Action News Jax