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In 2024, there are 18 states that have some form of death taxes.

Starting in 2025, this amendment permits those between the ages of 60 and 63 (as measured on December 31) to contribute up to 150% of the catch-up amount rather than the usual 100%.

Even though it doesn’t feel like it sometimes, contribution limits are indexed to inflation.

Charles Dickens’s A Christmas Carol is one of the best stories for talking about economics. This 2003 – 2012 series uses the classic tale to illustrate different financial personalities, principles, and philosophies.

In “A Christmas Carol,” Ebenezer Scrooge calls Christmas a “humbug” because of the foolish way people celebrate it. This 2008 article reminds us that it is sometimes wise to simplify Christmas.

Within a matter of days my HSA and all of its investments were transferred from my Schwab account to a new Fidelity account with no charges.

As part of SECURE Act 2.0 legislation, an Individual Roth 401(k) plan is a new account registration type available to Schwab clients.

On June 2024, Schwab provided an update about viewing and taking your RMD on Schwab.com.

Our recommendation is to keep money that may be needed within the next six months invested in a money market fund.

If closing an account at Schwab is in line with your goals, take comfort in knowing that you are able to close your accounts at Schwab without losing access to your important documents.

Within employer-sponsored retirement plans, there are special provisions for employees (not owners) who continue to work beyond their typical required beginning date.

Once you’ve open an HSA and have started making contributions, it is important that you set beneficiary designations on the account.

The IRS has very limited case law on what constitutes a substantially different fund. However, here is what we do in our own trading.

Some investable assets in the name of the child can currently keep $2,300 of unearned income from the tax rate of the parents.

If you have this fringe employer or former employer benefit, I hope you are able to take advantage of making small Roth IRA contributions throughout your retirement.

In honor of the Independence Day of the United States, this 2013 article reminds us to prepare for our own Independence Day.

Here is a reference chart with 2024 income tax rates, capital gains rates, retirement contribution limits, and more.

While you can only use $3,000 per year of capital losses to reduce your taxable income, you should bank as much capital loss as possible for other future uses.

Yes, but housing is one of many expenses that are subject to a reimbursement limit. Here’s how to do it.

If you are still in your 60s, the good news is your decision doesn’t have to be permanent. You actually have two ways in which you can change your benefit amount.

With the grandparents as the owner rather than the parent, the student may have a better chance of receiving financial aid.

With many of us saddled in student loan debt well into our late thirties, our retirement cannot wait for us to be debt free. This 2016 rewrite of a 2007 article teaches you how to get started with savings while repaying your loans.

The best way to climb the mountain of college costs is gradually, but if you need to make some last minute leaps, our government has a few tax-related strategies.

ABLE accounts offer people with disabilities a new opportunity to save and invest for the future.