Another way to leave tax-free money to a surviving spouse is with life insurance. A small policy can put cash in the hands of a surviving spouse for funeral expenses and paying off debts. A bigger ...

Key Takeaways For major disaster relief, SECURE 2.0, a 2022 federal law, allows some taxpayers to take early withdrawals from ...

Industry experts want guarantees from the Chancellor that pension savings will not be targeted as she looks to plug a hole in ...

Roth IRAs have low annual contribution limits and income rules limiting who can contribute, which effectively takes them off ...

You may fund a health savings account (HSA) with a high-deductible health insurance policy. Contributions to an HSA are ...

The best ways to use your tax refund include building an emergency fund, paying off high-interest debt, and saving for ...

However, it's possible to have too much of a good thing. Maxing out your 401 (k) could seem like a smart idea in theory, but ...

Penalty-free retirement distributions, casualty loss deductions and delayed tax filing and payments can all provide some ...

One in five (21 per cent) people who withdrew a cash lump sum from their pension pot did so as soon as they turned 55, despite many not understanding the consequences of doing so, research from Legal ...

What does retirement look like if you had $2M or $15M? How different time horizons and levels of wealth help determine how much is enough to retire.

If you sold investments for a profit in 2024, you could be facing a tax bill unless you sold other investments at a loss to offset that profit. In either case, just how much of your investment ...

You can also simply use a Roth IRA to pay for college without taking the step of converting the money to a 529 plan. As long ...