Tax Planning

Converting an IRA or 401(k) to cash is relatively simple and will be governed by the process your financial institution or employer (for your 401(k)) has in place, and by their timeframes for...

It's hard enough to put away a portion of your money every month in an IRA. So when you really need the money, the last thing you want to worry about is taxes. But Uncle Sam will come after you if...

The 401(k) plan is a popular retirement savings tool for many Americans. They are taxed just like traditional IRAs -- all dollars going into the plans are pretax dollars and the growth within the...

It is never too early to start planning for taxes, because it is the now that gets taxed. So many people will start up the turbo tax program next January and wish they had developed a plan. So...

IRA distribution penalties for withdrawing IRA funds before the proper age include having the amount withdrawn counted toward taxable income and a 10 percent tax on top of that. Contact the IRS or...

IRA distribution rules state that once an account holder reaches the age of 70, they must withdraw a certain amount of money from the IRA account each year. Find out the distribution amounts based...

Following a few simple tax planning tips can reduce your income tax as well as save you big money when it comes to long-term wealth building. Maxing out your retirement accounts, revisiting some...

IRA and 401k Limit for Self Employment Tax in this free self employment tax deductions series from our expert accountant. This series could save you money!

Making investments one step easier, you can now tell the IRS to split up your tax refund, sending part directly into an IRA account. Take advantage of this process, which makes saving for...