For 2025, the annual Roth IRA contribution limit is $7,000, and if you're age 50 or older, you can contribute an additional $1,000 catch-up contribution.

It's important to estimate your retirement expenses before you close out your career. You might spend more on healthcare than expected. Housing and leisure could also eat up a surprisingly large chunk ...

Time flies— and never so quickly as we approach the annual deadline for taking required minimum distributions from ...

This says that you must wait until the converted funds have been in your Roth IRA for at least five years before you can ...

The backdoor Roth IRA is typically touted as a workaround for the wealthy to boost the amount of retirement income they can withdraw tax-free. But there’s upside for heirs who inherit the retirement ...

Roth conversions, if done right, can lower your tax bill over your lifetime. But be careful. Roth conversions pose traps, and the unwary can easily get caught. Here are eight factors to consider in ...

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'Historically, we've been keeping the contribution to her Roth at $50-$200 a month' "Would it still make sense to start a retirement account, or should I just do the regular brokerage account, buy ...

Glen and Harriett Hager have been a team since they were married 53 years ago. Now in their early 80s, they’re trying to plan for uncertainties ahead, such as what will happen financially should one ...

Margaret Giles: Hi, I’m Margaret Giles from Morningstar. Many baby boomers will be coming into retirement with most of their assets in tax-deferred accounts, which require withdrawals called required ...

The order in which you withdraw money from retirement accounts can significantly impact how much you owe in taxes. One of the most popular withdrawal strategies involves drawing from taxed accounts ...

Years in Greeley: 30 years in Greeley, currently 13 years in Ward 3. Education: Bachelor of Arts from the University of Northern Colorado in 1999 with double major in journalism/mass communication and ...