On a recent episode of the Talking Real Money podcast titled “You’re Right, Of Course.”, co-host Don McDonald addressed a ...

Learn about pretax contributions, their tax advantages, and how they can defer taxes until retirement, lowering your taxable ...

Changes to federal law governing retirement savings plans allow employers to make matching contributions to employees' 401(k) accounts using after-tax dollars as with a Roth 401(k). Employees get to ...

Higher-income earners must make 401(k) catch-up contributions with after-tax dollars and place them in a Roth account.

Pretax retirement contributions lower your taxable income now, but withdrawals are taxed in retirement. Roth contributions are made with after-tax dollars, allowing for tax-free growth and withdrawals ...

You elected the Roth option for your employer match because you wanted tax-free growth for your retirement savings. Your paycheck looked the same, your 401(k) balance kept climbing, and everything ...

Non-deductible IRA contributions can create serious headaches. Learn how a reverse rollover can avoid the pro-rata rule, simplify recordkeeping, and prevent double taxation. The regular rollover ...

Let’s consider a scenario where you have two spouses, both 47, pulling $185,000 at the same employer. They are already maxing ...

If you are working to increase you longevity, you should also make sure you don't outlive your money. The mega backdoor Roth can help. Many people I know love tax-free income. If you similarly want to ...