Why a High Income Can Make It Harder to Save for Retirement

Q: My employer's 401(k) plan considers me a "highly compensated" employee a...
Q: My employer's 401(k) plan considers me a "highly compensated" employee and caps my contribution at a measly 5%. I know I am not saving enough for retirement. What are the best options to maximize...

When Does a Gift Trigger a Tax Bill?

Q: "I want to pay off a sizeable ($15,000) debt that my adult son has. Are ...
Q: "I want to pay off a sizeable ($15,000) debt that my adult son has. Are there any tax implications for either of us? —Jack A: Your generosity will have no impact on your son's...

Can I Put My Required Minimum Distribution into a Roth IRA?

Q: Can I convert the required minimum distribution from my regular IRA into...
Q: Can I convert the required minimum distribution from my regular IRA into a new Roth IRA account after paying the income taxes if I am not working? I want to have access to the...

8 Reasons Your Property Taxes Are So Damn High

Income taxes are probably top of mind right about now. But for many homeown...
Income taxes are probably top of mind right about now. But for many homeowners, high property taxes are an issue year-round. What's to explain why property taxes are such a burden in certain parts of the country?

Which Wins for Retirement Savings: Roth IRA or Roth 401(k)?

Q: I am 30 and just starting to save for retirement. My employer offers a t...
Q: I am 30 and just starting to save for retirement. My employer offers a traditional 401(k) and a Roth 401(k) but no company match. Should I open and max out a Roth IRA first...

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