Your taxable savings, your traditional IRA (or 401K), or your Roth. Which do you spend first during retirement?
Congratulations, You’re Retired! Which Money Should You Spend First?
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The End of the Year is Approaching. Optimize Your Tax Savings Now!
Ten items for your end-of-year personal finance checklist. Have you maximized all your contributions and deductions for this year?
Maxed Out 401K? How to Add More Tax-advantaged Retirement Savings
Seven more methods to invest more savings and pay less taxes on what you earn
Should You Invest in Your Company Stock?
Usually, it’s best to maintain diversity in your portfolio and NOT purchase additional stock from the company you work for
Is Yoga Covered by my Health Savings Account? What About Sunglasses?
Health Savings Accounts (HSAs) are used with High Deductible Health Plans (HDHPs). Pay for Qualified Medical Expenses or invest for their triple-tax advantage.
The Wash Sale Rule. How Investors Can Keep Clean and Avoid the Mess
If you sell a stock at a loss, then repurchase that stock (or something very similar) within thirty days, you’ve triggered a wash sale
Capital Gains or Income? How Are Your Investments Taxed?
Qualified dividends and selling stock that was held for > one year get the capital gains treatment. (Most) everything else is taxed as ordinary income.
Retiring Early? Withdraw from an IRA or 401K Without Penalty
Make early distributions from your retirement savings, via 401K separation from service (age 55+), substantially equal periodic payments, or a Roth ladder
Rollover Revisited: Why Sticking With a 401K May Be Better
When changing jobs, should you rollover to a new employer’s 401K, or a rollover IRA instead? Pros and Cons.
This information has been provided for educational purposes only and should not be considered financial advice. Any opinions expressed are my own and may not be appropriate in all cases. All efforts have been made to provide accurate information; however, mistakes happen, and laws change; information may not be accurate at the time you read this. Links are included for reference but should not be considered an implied endorsement of these organizations or their products. Please seek out a licensed professional for current advice specific to your situation.
Liz Baker, PhD
I’m an authority on investing, retirement, and taxes. I love research and applying it to real-world problems. Together, let’s find our paths to financial freedom.
