Parents have special tax situations and benefits. Tax breaks for parenting expenses can result in a lower tax bill and a higher refund. Here are some key things new parents need to know. To begin with, for parents to take advantage of most of the child-related tax…
Mega Backdoor Roth IRA Strategies
A Roth IRA is a great way for employees and others with earned income to grow wealth. The advantages include tax-free growth on money withdrawn after age 59½, assuming the account has been open for at least five years. Often high earners can’t contribute to a Roth…