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The Tax Deferral Dilemma

Submitted by Joseph A. Clark on Wednesday, February 11, 2015 - 3:00pm

Your decision to defer taxes via a 401(k) or traditional individual retirement account seems to make sense today for your future. Deferring taxes in an IRA can certainly reduce the taxes you owe in the current year. But predicting the impact of tax deferral in the future becomes more complex, and may cost you more in the long run.

Why to Avoid 401(k) Loans

Submitted by Roger Wohlner on Monday, February 9, 2015 - 12:00pm

Many 401(k) plans allow you to take a loan against what you saved. Such money, though, comes with catches. Overall, tapping your tax-advantaged retirement savings is a bad idea because it saps your retirement kitty.

New Year, New Tax Rules

Submitted by Lewis J. Walker on Tuesday, February 3, 2015 - 12:00pm

It’s a new tax year, and many deductions, exemptions and other Internal Revenue Service provisions have changed. Be aware of them. Some will cost you more, some will help you.

Entering 2015, we begin the paper chase leading up to filing tax forms for 2014. As we account for last year, start planning now for 2015. Time flies. This century already is 14% gone.

Gen Y Tax Saving Tips

Submitted by Sophia Bera on Tuesday, January 20, 2015 - 3:00pm

Many young taxpayers miss out on tax-saving opportunities because they just aren’t aware of them. Here are some tax credits and deductions that you shouldn’t overlook.

5 Keys of All Retirement Plans

Submitted by Jim Blankenship on Tuesday, January 6, 2015 - 12:00pm

Most of you hold at least one retirement plan. Each type of plan differs subtly from others, but most offer deductibility from current income and deferred taxation on growth. Beyond that, other facts remain true across many of these accounts.

New Way to Fund a Roth IRA

Submitted by Jim Blankenship on Monday, December 22, 2014 - 12:00pm

As you save for your retirement, it’s nice to have a Roth individual retirement account for tax-free income in the future. With the recent guidance from the Internal Revenue Service, there is a brand new method to fund your Roth IRA.

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