I’m now writing to you for advice a second time. I’m 51, still married, 25 years now, and still residing in Maryland. My ...

Dear Savvy Senior, What can you tell me about spousal IRAs? My spouse and I are in our 50s and are looking for ways to boost ...

Avoid costly tax mistakes with your IRA. Learn how skipping IRS Form 8606 cost one investor $50,000—and how you can protect ...

Christine Benz of Morningstar If there’s a single group of people who are likely to be experiencing the most consternation ...

Since the Roth IRA was introduced in 1997, it has become one of the most popular ways to save money for retirement. Workers ...

"What can you tell me about spousal IRAs? My spouse and I are in our 50s and are looking for ways to boost our retirement ...

Not all money in a Roth Thrift Savings Plan account is automatically tax-free, and there are several things to consider ...

With a traditional IRA, you could be eligible to receive a tax deduction in the year you make the contribution. Your contribution is capped at $7,000 in 2025, or $8,000 if you’re age 50 or older).

One key advantage of a traditional IRA used to be delaying required minimum distributions (RMDs). The SECURE 2.0 Act extended the RMD age to 73 starting in 2023, and it will rise to 75 by 2033.

No RMDs: With a traditional IRA, you’ll have to start taking withdrawals ‒ called required minimum distributions, or RMDs ‒ when you turn 73, or 75 if you were born in 1960 or later.

IRA-to-IRA rollover: If you roll over funds from one traditional IRA to another traditional IRA or from one Roth IRA to another Roth IRA, the transaction generally will not be taxable.