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Retirement

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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...

Take Advantage of the Spousal IRA

One of the scary things when you aren't working (besides covering the bills) is the fear of falling behind in your retirement. Enter the spousal IRA. If you're married and filing jointly, this option basically enables your working spouse to...

Harvest Time for Taxes

The stock market may be surging today, but it hasn't exactly been a banner year for investing. If your portfolio is showing more red than a Valentino runway show, don’t get mad, get tax-savvy. Selling investments at a loss can generate a nice tax...

She Asked, We Answered: Load vs. No-Load Funds

Q: I don’t know whether to invest my Roth IRA with a load fund company or with a no-load option. What are the pros and cons? Rachel S. Lenexa, KS A: A “load” is simply a commission you pay to a broker or financial advisor for helping you buy a...

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