Personal Finance
Latest Personal Finance News
Can You Open a Roth IRA for Your Adult Child?
A Roth IRA offers tax-free growth and tax-free withdrawals in retirement, which can benefit young adults with long time horizons.…
Is There an Income Cap for a Roth IRA?
Roth IRAs allow your savings to grow tax free and allow tax free withdrawals in retirement. Your income determines whether…
How to Use an HSA to Pay for COBRA
You can use money from a health savings account (HSA) to pay for COBRA health insurance, allowing you to cover…
I’m 65 With $950k in an IRA. Is It Worth It to Convert $150k per Year to a Roth IRA to Avoid RMDs and Retirement Taxes?
A Roth IRA conversion is available any time you have money in a qualifying pre-tax account. People choose to make…
Can You Use HSA for Health Insurance Premiums After Retirement?
A health savings account (HSA) can support your retirement plan through tax-deductible contributions, tax-free growth and tax-free withdrawals for qualified…
Inherited Non-Qualified Stretch Annuities: Rules and Taxes
An inherited non-qualified stretch annuity pays out over many years instead of all at once. Only the earnings in each…
Medicare vs. Obamacare: Costs, Benefits and Enrollment
When comparing Medicare and Affordable Care Act (ACA or Obamacare) coverage, it helps to look at how each program works,…
I’m 63 With $700k in an IRA. Should I Convert $70k per Year to Avoid RMDs and Taxes in Retirement?
You can make a Roth IRA conversion at any time, as long as you have money in a qualifying pre-tax…
What Is a Stretch Annuity and How Does It Work?
A stretch annuity lets a beneficiary receive inherited annuity payments over an extended period rather than all at once. Spreading…
What Is a Non-Qualified Stretch Annuity?
A non-qualified stretch annuity extends the payout of an inherited annuity over time, rather than receiving the full amount in…
