IRAs

You can own more than one IRA. The catch is that extra accounts do not create extra contribution room. Here is how Roth, Traditional, 401(k), rollover and RMD rules fit together. Yes. You can have more than one IRA, including multiple Roth IRAs, multiple Traditional IRAs, or both. The accounts...

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...

A Roth conversion calculator should answer more than, “What is 24% of the amount I convert?” The real question is how much of your conversion falls into each federal tax bracket, what the conversion may cost now, and whether the modeled future after-tax value looks better than leaving the...

A Roth vs. Traditional IRA calculator should answer a simple question: under the assumptions you enter, which tax treatment leaves you with more spendable money later? The part most calculators gloss over is that the answer can change when a Traditional IRA contribution is not deductible—or when you compare...

Wondering how to max out your Roth IRA in 2026? First confirm how much you are legally allowed to contribute, then turn that annual number into a funding pace your cash flow can actually support. The 2026 IRA limit is $7,500 if you are under 50 and $8,600 if...