Prepare for the seven key life events that impact baby boomers' finances and investments. Learn about estate planning, health care, retirement, and managing multiple income sources. Consult a financial advisor to secure your future.

Guess what’s on sale right now? Taxes. The taxable income brackets for 2024 (ordinary income tax rates) are as follows.

If you're a high earner, you may be able to get around the income limits by using the backdoor Roth IRA conversion strategy by making a nondeductible traditional IRA contribution and then converting those funds to a Roth IRA.

States are all over the map in their treatment of 529-to-Roth IRA rollovers. However, California stands alone as its residents who do a 529-to-IRA rollover will be subject to state income tax and an additional 2.5% California tax on earnings.

What is the Backdoor Roth strategy? High-income earners - those over the Roth IRA income threshold can make non-deductible contributions to a traditional IRA and then convert the traditional IRA to a Roth, thereby circumventing the income limitations.

A QCD is a distribution from an IRA that goes directly to a qualifying charity and is not included in the taxable income of the IRA owner. A QCD cannot be made from an employer plan. A QCD can be up to $100,000 a year, per individual.

Maybe you made a Roth IRA contribution for 2022 and then discovered your income was too high. You’d rather contribute to a Roth IRA or maybe not contribute at all. You can fix these issues by correcting your 2022 IRA contribution by the upcoming October 16, 2023, deadline.

Annuities can bring you guaranteed income in retirement - but should you wait until retirement age to purchase one?

Before the real estate agent hands you the keys and you enter your brand-new abode, find a loan that accommodates your income, spending habits and more.

Learn how to get ahead the smart way once you are making six figures.

Even with a good income, there are some big mistakes that can foul up your retirement. And the effects won’t be realized until it’s too late to make financial repairs.

Passive income allows for an accumulation of wealth without a person’s direct involvement once the initial investment has been funded. Think rentals, stocks, bonds, etc.

The CARES Act helped people stabilize their income as jobs were being lost, but now is the time to repay CRDs.

Just because you've retired doesn't mean you have to stop working. However, working income may affect your social security earnings.

Finding an annuity that meets your long-term objectives requires time and research but may be the key to boosting your financial success in retirement.

When planning your retirement income, you should include healthcare costs. Here are some of the top healthcare costs in retirement to consider.

Business transition planning can often be one of the most overlooked sources of retirement income for small business owners. Here are 5 tips to consider when creating your transition strategy.

With the world's economy being in a free-fall, can the Fed help the U.S. avoid an incoming recession?

Moreover, legislation passed in 2020 allows tax deductions up to 100% of adjusted gross income (AGI) for cash contributions, this year only. Normally, such deductions are capped at 60% of AGI.