A mega backdoor Roth can let you contribute substantially more to Roth accounts than the standard annual limits allow. Having excess cash flow isn’t enough on its own, since your 401(k) must permit after-tax contributions and either in-plan Roth conversions or in-service distributions to a Roth IRA. The timing of…

Microsoft on Monday announced a new voluntary buyout program that will cover about 60,000 eligible employees who can choose to leave the company with financial support and other career planning resources. The buyout program covers more than a quarter of Microsoft’s global workforce, as the company said it had about…

Tens of millions of tax-advantaged Trump Accounts have been created for American children, with many created automatically, which will require parents and guardians to claim the account for a given child. Trump Accounts are investment accounts created for children under the age of 18, which include a one-time $1,000 contribution…

Everything Americans thought they knew about personal finance was upended when the Federal Reserve started aggressively hiking interest rates to cool post-pandemic inflation. After more than a decade of ultralow rates, borrowers suddenly found themselves stuck in an unfamiliar, high-rate world — priced out of homes and cars, pushed deeper…