roth ira

13 Financial Resolutions for Retirees in 2013

Being retired means not having to worry about waking up early to get to work. But retiring doesn't mean its time to quit worrying about making your money work as hard as it can.

13 Financial New Year's Resolutions to Keep in 2013

When it comes to keeping New Year's resolutions, plenty of us don't have such great track records. But most people who made financial resolutions in 2012 kept them, which makes them a smart addition to your annual ritual. To set the stage for your success in 2013, here are 13 resolutions to consider.

11 Easy and Great Ways to Save Money in 2013

With the prospect of higher taxes and federal budget cuts looming on Dec. 31, here are 11 easy ways you can save money and/or put a few extra dollars back in your pocket in 2013.

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.

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.

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.

Fix This Roth IRA Mistake Before the IRS Nails You

Using Roth IRAs to save for retirement is one of the smartest moves you can make. What's not smart, however, is breaking the IRS rules governing IRAs. Fortunately, if you accidentally break the rules you can go back and fix things -- as long as you don't wait too long.

How to Pick the Juicier 401(k) Plan

Roth 401(k)s used to be fairly rare; now, they're starting to crop up by the bushelful. But while they may be the hot new investment, but the tax implications mean Roth 401(k)s aren't for everyone. To see if you'd benefit, ask yourself the following questions:

Don't Miss Your Chance for a Roth IRA Do-Over

If you converted your IRA to a Roth IRA last year, you have until Oct. 15 do what's called a recharacterization, which essentially lets you undo the conversion and get a do-over. And there may be some big tax benefits to doing that now.

Too Many 401(k) and IRA Investors Know Too Little About Their Fees

How seriously do Americans take our retirement plans? Not seriously enough to do our homework: A new study shows that two-thirds of Americans with defined-contribution plans or IRAs spend less than five minutes scrutinizing each disclosure statement. But wait: It gets worse.

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?

How to Sneak Into a Roth IRA Through the 'Back Door'

The Roth IRA is one of the best retirement vehicles around, thanks primarily to its terrific tax advantages. The only problem is that some people earn too much, and aren't qualified to contribute directly to one. Fortunately, there's a way around those restrictions.

The 5 Most Dangerous IRA Mistakes You Can Make

There may be several good reasons to withdraw funds from your IRA before 59 1/2, but be careful, because the penalties and fees can add up, writes MoneyShow personal finance expert Terry Savage.

10 Smart Uses for Your Tax Refund

Tax refund checkBy Kimberly Lankford, Kiplinger


If you have a refund check coming your way, consider using it to bolster your personal balance sheet. The average...

How to (Legally) Dodge the Tax Man in Retirement

Saving for retirement isn't just a smart move for the long run. It can also cut your current taxes. But what if reducing your taxes now is the wrong strategy? For many workers, a smarter option is a retirement plan that eliminates your tax bill down the road: a Roth 401(k).

5 Ways to Save Your Tax Refund (and 1 to Spend It)

Chalk it up to the nation's lingering economic malaise: More Americans this year plan to sock some of their tax refund away in savings. If you're among them, here are a few smart ways to stash that cash.

If She Could Save $280,000, What's Your Excuse?

It may seem hard to save money for retirement: Fully 76% of Americans have saved less than $100,000, and 56% have saved less than $25,000. But once you learn how Oseola McCarty managed to set aside so much with so little, you'll see how few excuses you have.

4 'Must Do' Money Moves to Achieve Fiscal Fitness

There are many roads to financial security, but whatever path you follow, there are some mandatory steps everyone ought to take along the way. Alexa von Tobel, founder of LearnVest.com, cuts through the thicket of advice to give us her essential keys to sound money management.

You Know What's Overrated? Retirement

There are several major flaws in the classic "retirement as a goal" scenario, but you're not locked into it. If you've avoided major debt and have an education that allows you the freedom to re-imagine the concept, you could completely change your life.

12 Money-Saving Year-End Tax Tips You Shouldn't Miss

Although the end of 2011 is near, it's not too late to make sure you don't owe more to the IRS than you need to on April 15. Here are some tax-smart moves to make before you head out to that New Year's Eve party.

How the Taxes Work on a Roth IRA Conversion

When you contribute to a traditional IRA, you can deduct that money from your taxable income that year. When you contribute to a Roth IRA, you don't get the immediate tax benefit -- but you withdraw your money tax-free in retirement. It's also possible to convert from a traditional to a Roth, but you have to pay taxes to do so. A reader named Ron wants to know how that works, and when he'd have to pay the taxes. DailyFinance's Laura Rowley explains.

4 More Smart Tax Moves for the Holiday Season

Thanksgiving's still two weeks away: You're getting ready for Black Friday, not April 15. But all those one-day deals pale next to what you could save on your taxes by taking a few smart steps before Dec. 31. In part two of this report, we offer four more ways to help your bottom line on April 15.