IRAs

Despite the projected increase in health care expenses, clients can expect their total living costs to decline after they retire, as they will owe lower or no income taxes and have fewer items on their budget.

These products are meant for short- and intermediate-term investing and should carry enough risk to grow and meet the goals over time.

Nearly 2 million Americans aged 50 to 64 had Parent Plus loans last year, and 200,000 retirees aged 65 and older carrying the same type of loans.

How IRA conversions can come at a steep price for clients. Plus, ways to dodge a surprise bill from the IRS.

Many people who qualify for the Retirement Savings Contribution Credit can save as much as $2,000 on taxes but fail to claim it because they are not aware of it.

A reverse rollover from IRAs to other retirement plans is an option that enables investors to improve their tax efficiency.

The proposed new Roth health savings account is designed to help people cover health insurance premiums and out-of-pocket medical costs.

When a tax-deferred account is part of an estate, failure to follow the tax rules correctly can result in a financial disaster.

How a couple wrote off cat food and other breaks that boosted refunds. Plus, how charity counts toward an IRA withdrawal.

From a tax perspective, donating required minimum distributions from a traditional IRA to a qualified charity is a smart move for retirees.

A new comment period would give the administration time to prepare for legal challenges anticipated after it puts a delay into place, one expert says.

Small businesses would not be allowed to enroll their employees automatically in state-run plans under legislation introduced in Congress.

One way for clients to avoid or minimize their capital gains tax is to hold investments in tax-advantaged retirement accounts, such as IRAs and 401(k) plans.

Clients can fully deduct their IRA contributions if they have no access to a workplace retirement plan.

Early withdrawals from retirement investments can trigger a hefty penalty.

Many workers think hey are not allowed to contribute to a 401(k), a traditional IRA and a Roth IRA in the same year, which is untrue.

Clients who make these prohibited transactions can face devastating penalties.

First-time home buyers can withdraw as much as $10,000 from a Roth account without paying taxes and penalties if the account is at least five years old.

Moving investments into these accounts may optimize returns and boost savings. Plus, know your IRAs and the impact of Trump's proposals on income brackets.

More retirees are expected to join the gig economy and go on trips that offer unique experiences.