IRAs

Saving for retirement is a top priority for many people, which is why Individual Retirement Accounts (IRAs) remain one of the most popular investment vehicles. When getting started with IRAs, one common question is "How many IRA's can I have?" The answer depends on the types of IRAs you...

If you missed an RMD deadline, the old 50% penalty is no longer the current federal rule. The IRS RMD FAQs explain that the excise tax on the RMD shortfall is generally 25%, and it can drop to 10% when the shortfall is corrected within the statutory correction window...

If you are comparing a Roth IRA vs. 401(k), there is no universal winner. For this article, "401(k)" means a traditional, pre-tax 401(k) unless I say otherwise. If your employer offers a match, the practical first move is usually to contribute enough to earn the full match. Then compare...

For 2026, the SEP IRA contribution limit is the lesser of 25% of an eligible employee’s compensation or $72,000. The compensation that can be counted is capped at $360,000. But if you are self-employed, “25%” is not 25% of your Schedule C profit. The IRS requires a special calculation...

Let’s be real: staring down the Roth vs. Traditional 401(k) decision feels like defusing a bomb with two wires, both labeled "TAXES." I've had clients walk into my office with a mix of hope and sheer terror about a Roth conversion, terrified of the upfront tax bill. For over...

You're facing a $50,000+ decision that most people get wrong: Should your retirement savings go into a Roth or Traditional IRA? Here's the reality: In 2026, choosing the right account type could save you $50,000+ in taxes over 30 years. The wrong choice? It costs you. This guide cuts through the...

To max out a Roth IRA in 2026, contribute up to the amount you are legally allowed to put into IRAs for the year: $7,500 if you are under 50, or $8,600 if you are 50 or older because the 2026 catch-up contribution is $1,100. Then make sure the...