Pre-tax vs. Roth 401(k): There’s more to consider than you think

Jan 28, 2022 | Taxes

KEY POINTS The start of the year is the perfect time to review your retirement savings, including pre-tax versus Roth 401(k) contributions. Pre-tax savings offers a write-off and tax-deferred growth, while Roth deposits may grow levy-free. However, there’s more to...

7 Ways To Create Tax-Free Assets And Income

Jan 25, 2022 | Taxes

GETTY Tax increases probably are coming. Even if Congress doesn’t agree on substantial increases this year, they’re likely to come. The 2017 tax law is scheduled to expire after 2025. The pre-2018 tax law will be re-instated automatically unless Congress agrees to...

IRS to open 2021 tax-filing season on Jan. 24

Jan 21, 2022 | Taxes

KEY POINTS You can officially start filing individual income tax returns for 2021 on Jan. 24, according to the IRS. For most filers, the tax deadline is April 18, which is when you must send your return and pay federal levies from 2021.   Bloomberg | Bloomberg | Getty...

To make your financial New Year’s resolutions stick,

Jan 18, 2022 | Financial Planning

here’s what you need to do MilosStankovic | E+ | Getty Images People have the best of intentions. At the start of a new year, millions make resolutions — goals they want to reach throughout the upcoming months. Getting a handle on money issues is usually near the top...