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Planning Karen Klein’s Awesome Retirement

By now you’ve heard about Karen Klein, a 68-year old bus monitor who became an Internet celebrity last week after video surfaced of her being bullied to tears by a group of kids. Someone set up a fundraiser on IndieGoGo, hoping to raise $5,000 to...

Can You Fund a 401k and an IRA?

Here’s a classic retirement question from a reader: I’m in my 30's, and saving about 10% of my salary. Soon I can contribute to my 401k—and they’ll match 100%, up to 5% of my salary. Should I put the whole 10% into my 401k and stop contributing...

My Retirement Repentance 

My name is Jenna, and I threw away SIX GRAND.   Here’s how: I rolled over $4,700 from my old 401k to an IRA—and left it sitting in a money market account.  And it’s been sitting there for three years. Look, IRA rollovers are complicated and...

A Tax-Free Hammock at 65

Imagine you’re about to retire and you’ve got a nice little nest egg saved up. (Way to go!) Obviously, you want to keep as much of your hard-earned cash as possible, while surrendering as little as possible to the IRS upon withdrawal. That’s why...

Does Your CPA Pass the Quarterly Tax Test?

Ten years ago, business lawyer Nina Kaufman went from running her own shop to joining a limited-liability partnership. She was thrilled…until April 15 arrived, and with it, a $20,000 tax bill. Turns out, she should have been paying quarterly...

What Does "Max Out" Mean?

Maxing out your IRA or 401k simply means that you contribute the maximum amount allowed in a given year.  What you really want to know is why maxing out makes a difference, right? Right. Let’s say you contribute $2,500 to an IRA every year, for...

We Put Mobile Tax Apps to the Test

Too glued to your smartphone to sit down and do your taxes? We tried out two free tax filing apps for you: SnapTax by TurboTax No kids, real estate, or investment income? SnapTax will help you “magically” file a 1040EZ using a snapshot of your...

New Rules Could Save Your Retirement

Is your retirement plan costing you too much? Upcoming federal regulations about 401k fee transparency could change that—and you can help. Keeping expense ratios low is critical for women, who tend to live longer than men and thus need to be...

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