Most federal employees stick with traditional TSP contributions; those made with pre-tax dollars. This presumes that, once you retire, you’ll fall into a lower tax bracket and thus pay less taxes on ...

Having financial flexibility in retirement — especially in being able to maximize your spending while minimizing your taxes — is an optimal situation. And it’s one you can arrange by keeping at least ...

The IRS has issued final regulations on SECURE 2.0 Act catch-up contribution provisions. Depending on your income, those may be treated as Roth catch-up contributions.

Members of the U.S. armed forces qualify for special tax breaks, which can offer unique financial planning opportunities, experts say. Stream NBC 5 for free, 24/7, wherever you are. Typically, ...

A Traditional IRA may allow you to take an immediate tax deduction, but a Roth IRA guarantees you won't have to pay taxes on withdrawals in retirement. While there's no income limit associated with a ...