Suzanne Woolley

The Internal Revenue Service is boosting the amount that Americans can plow into their retirement plans next year amid a surge in inflation.

Investors who take a loss in a taxable account can use it to offset capital gains taxes owed from selling stocks that have appreciated.

Workers in the U.S. who are increasingly job-hopping these days risk making one of the biggest financial mistakes out there.

Think you pay too much in taxes? You probably do, if you are like the 46% of Americans who say they’re looking to get a refund check from the IRS this year.

The number of accounts with balances of at least $1 million grew 84% year over year, while the number of seven-figure IRAs jumped more than 64%.

Pandemic-induced market volatility and warnings from Wall Street that tax rates are bound to rise have more Americans preparing to move money from traditional individual retirement accounts into Roth IRAs.