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5 Ways to Pay the IRS Less Next April

If you're still in shock from the amount of taxes you just paid, start working now to reduce what you send the IRS next year. Here are five ways you can shave your tax bill.

7 Tips for People Who Will Retire in 2013

The oldest baby boomers will turn 67 in 2013. Many of this first wave have already retired, while others may be contemplating taking the plunge this year. Here are some tips for those planning to retire in 2013:

Why Retirement Is Like Winning the Lottery

The new retiree has a lot in common with a lottery winner. But there is at least one major difference. If you buy a lottery ticket, you have a miniscule chance of winning. If you contribute to your retirement account, you're bound to win.

Younger Workers' Biggest Worry for Retirement: All of the Above

What has young and middle-aged workers most worried about their retirement prospects? Essentially, everything -- from health care costs to tax rates to being able to afford to pay for a roof overhead -- according to a recent survey from T. Rowe Price and Harris Interactive.

Year-End Tips to Trim Your 2012 Tax Tab

Year-end tax planning is trickier this time around: Unless Congress compromises, all the Bush tax cuts will expire when 2013 arrives, and many popular tax breaks that expired at the end of 2011 may not get revived. Here's how you can lower what you owe the IRS, regardless of what happens in Washington next month.

Retirement Savings by Age: How Do You Compare?

How much do people have saved for retirement in their 30s? In their 40s? In their 50s? LearnVest conducted a nationwide survey to find out. Wondering how your portfolio balance stacks up? Take a look at the breakdown and find out.

One Year From Retirement? Prepare to Make the Break

With one year left until retirement, you're in the final stretch. It's time to prepare for the transition, so give your budget a stress test, reallocate your assets and income sources, and take action on health insurance. Here are six helpful guidelines:

You've Retired! Now Put Your Plan to the Test

Welcome to your first year of retirement. You made it! Hard work and diligent saving have paid off. Your financial plan should practically run itself at this point. Still, aim to check in periodically.

How to Withdraw Retirement Funds Penalty-Free Before 59

One of the biggest challenges for early retirees, aside from needing to save enough extra money that it can last though a longer retirement, is that there are early withdrawal penalties on most pre-tax retirement accounts. Luckily, there are many ways to dodge those penalties.

Are Swing States Doing Better at Retirement Savings Than the Rest?

When it comes to the economy, we tend to focus on our personal financial health -- things like how well our retirement savings are doing. Investment advisory firm FutureAdvisor's state-by-state breakdown sheds some interesting light on where people are getting ahead, and where they're falling behind.

Inheriting a Retirement Account? Learn the Rules or You'll Regret It

We all know how hard it can be to build up a big enough nest egg for retirement. But because many retirees leave their IRAs and 401(k)s untouched as long as possible to avoid paying taxes, you might someday face the bittersweet experience of inheriting a retirement account.

IRS Gives Your Retirement Saving a Little Boost for 2013

Saving for retirement has always been hard. But starting in 2013, the IRS is making it a little easier for you to put more money aside for your golden years. On Oct. 18, the IRS announced that it was upping the contribution limits for IRAs and 401(k) plans.

3 Ways to Beat the IRS in 2013 If America Falls Off the Fiscal Cliff

Tax planning is more complicated than ever now, thanks to the fiscal cliff we're hurtling toward and the tax increases it would bring. And while it's possible that Congress will steer us away from the cliff, if you're in a higher tax bracket, it's time to start doing some contingency planning.

The Rules of Retirement for Women

According to a GAO report, women have a tougher time saving for retirement than men do. But women of all ages can take some steps to improve their financial readiness.

The Big Retirement Lie

What if everything you were told about saving in your company retirement plan was bogus? What if the benefit of tax-deferred growth in your mutual fund based retirement plan was really a well-funded Wall Street marketing gimmick?