The Tax Benefits of Contributing to an IRA
IRAs can be a powerful tool that can help you build your finances, prepare for a better retirement, and get a hefty savings at tax time. Find out more. Full story
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Tax-Wise Retirement Planning
The Roth plan requires post-tax contributions, but allows tax free growth and distribution. With pre-tax plans, you contribute to the plans with your funds without any taxes deducted so the distributions are taxable. So which one do you choose? Find out more here. Full story
Should I Take Money Out of My Retirement Account to Pay Off Credit Card Debt?
You may be tempted to pay credit card debt with money taken out of your retirement plan, but before you make that move read about the tax implications here. Full story
Can You Deduct 401K Savings From Your Taxes?
Contributions you make to your 401(k) plan can reduce your tax liability at the end of the year as well as your tax withholding each pay period. 401(k) plan contributions. Full story
How Much Should You Save for Retirement?
How much should you save for retirement? That’s the million, two-million, or five-hundred thousand dollar… Full story
Should you use your 401(k) money to pay off your debt?
Asked by Chris at the TurboTax Facebook site: I’d like to see an article about… Full story
The Basics of Individual Retirement Accounts and Your Taxes
Although the calendar says 2011 already, you can still make a 2010 IRA contribution. In fact, you can make a contribution until April 15, 2011. Furthermore, some taxpayers are eligible to deduct their IRA contributions, thereby lowering their taxes for a year long since over. Crazy? Not in the wonderful world of arcane tax rules. Here’s an overview of how IRAs affect your taxes and vice-versa. Full story
How is Your Retirement Savings Taxed?
When you save money in a workplace retirement plan such as a 401(k) or 403(b), you receive a tax deduction for your contribution. Consequently, by putting money away for your future in a 401(k), you also save tax dollars today. Learn more about how your retirement savings is taxed. Full story
Make Sure You Utilize Your 401(k) in 2011
If you’re like many employed Americans, you probably have a 401(k) plan. Everybody knows they… Full story
Time to Re-evaluate Your Taxes Before the New Year
April 15th may be eight months away, but that doesn’t mean your taxes should be sitting on the back burner. Instead, you should use this time to take advantage of your financial situation and make any changes today so that you can minimize your tax burden come spring. Full story
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