A major part of retirement planning is choosing which type(s) of retirement accounts you want to use to hold your savings and investments. If you're self-employed, either a solo 401(k) plan or ...

Roth 401(k) and Roth IRA contributions occur on an after-tax basis. You can withdraw Roth funds tax-free in retirement. The original account owner also avoids future required withdrawals, which ...

Owning a business is no joke. As the boss, you're responsible for ensuring customers are happy, taxes are paid, and your competition is in the rearview mirror. As challenging as it may be to be a solo ...

If you're a high earner, you could convert after-tax income into a Roth account and never pay tax on it again If you want your retirement savings to measure up, try saving some of your side-hustle ...

Forbes contributors publish independent expert analyses and insights. Empowering smarter money moves. For retirement savers, particularly those older than 50, you should evaluate ways to reach the ...

Eliminating required minimum distributions makes Roth 401(k)s much more valuable Something snuck by me: The Secure 2.0 Act eliminated required minimum distributions for Roth 401(k) accounts. At first ...

More individuals are taking advantage of a Roth 401(k), which most employers now offer. You contribute after-tax money to a Roth 401(k) and can take tax-free withdrawals in retirement. A Roth 401(k) ...

Roth conversions transfer pretax or nondeductible individual retirement account money to a Roth IRA, which starts future tax-free growth. It's a popular strategy when the stock market drops because ...

Charles Schwab offers a range of retirement plans for small business owners and self-employed professionals. These include the individual 401(k) and business 401(k), which stand out for the plans’ ...

Contributing to a 401(k) is one of the best ways to save for retirement, and this type of account has several distinct advantages. For one, it has a much higher contribution limit than many other ...