Saving for retirement is a top financial priority for many. If you’re one of those who has prioritized retirement by opening a Roth 401(k), it’s crucial to use the account optimally to build tax-free ...

The IRS has announced that the amount of tax-favored funds that you can sock away for retirement is increasing. In 2026, the amount most individuals can contribute to their 401(k) plans will tick up ...

This mega backdoor Roth strategy increases your tax bill now but results in substantial savings and growth in the long run.

If you have a 401(k) at work, there’s a chance you’re sitting on a tax-free retirement loophole worth tens of thousands of ...

Here's how the 401 (k) plan limits will change in 2023: The 401 (k) contribution limit is $22,500. The 401 (k) catch-up contribution limit is $7,500 for those age 50 and older. The limit for employer ...

If you earn an average paycheck, Social Security might replace about 40% of it in retirement. That assumes benefits aren't broadly cut, which is a possibility given Social Security's current financial ...

Decide how to split your retirement savings between a 401k and a Roth IRA to build wealth efficiently without maxing out both accounts.

Roth IRAs are one of the two main types of individual retirement accounts, the other being traditional IRAs. Traditional IRAs typically use pre-tax or tax-deductible contributions, giving you a tax ...

Be sure you understand the tax consequences before making the change Cathy Pareto, MBA and CFP®, is the founder and president of Cathy Pareto & Associates Inc. For more than twenty years, Cathy has ...

Individuals who are age 50 or older will soon have new opportunities to save more for retirement. The SECURE 2.0 Act brings ...

A Roth 401(k) is a good option for workers who have access to this retirement plan through their employer and expect to be in a higher tax bracket when they retire. As a bonus, contribution limits for ...