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Can you amass $1 million in retirement savings with just an IRA? You may be skeptical, but the answer is yes. The real question is how long would it take?

Saving $1 million is totally doable. And success does not depend on unrealistic assumptions.

A new study by the Investment Company Institute shows U.S. households’ missed opportunity in maximizing IRA contributions, according to IRA expert Ed Slott, an area where advisors can provide “significant value.”

The Internal Revenue Service and Treasury Department issued new guidance Wednesday ending the prohibition on “double dipping” when it comes to expenses paid with funds from Paycheck Protection Program loans.

For decades there’s been a festering retirement crisis in America.

Congress has repeatedly tried to resolve the retirement crisis via stop-gap, incremental efforts. It has created new retirement accounts, like Roth IRAs to benefit lower income workers, as well as tax-advantaged health savings accounts (HSAs) to help pay healthcare costs.

What was YOUR biggest lesson from 2020, besides avoid pandemics? Today we’ll share our top 5 (plus an “honorable mention”) events from maybe the weirdest year in recent memory. 

With little more than a week left to take tax-friendly withdrawals from individual retirement accounts and 401(k)s under the Cares Act, people stung financially or physically by Covid-19 are making last-minute decisions while wading through a thicket of rules that could have an impact on future taxes. 

The end of the year is fast approaching, yet there is still time to take charge of your taxes.

While that might seem like something only the wealthy would do, there are also ways for the average American to save money — even if you are part of the 90% who take the standard deduction (which is $12,400 for single filers in 2020).

IRA guru Ed Slott doesn’t trust politicians with his taxes—and doesn’t think you should, either.

A well-known retirement expert (and a recovering certified public accountant), Slott leads seminars for financial planners, advises regular folks on how to retire securely and recently updated his 2003 classic, “The New Retirement Savings Time Bomb,” to address Congress’ latest indiscretions.

Hi, I'm Christine Benz for Morningstar. Many people will find themselves in what they hope will be a temporarily low tax bracket in 2020. Joining me to share some strategies for people in this situation is tax and retirement planning expert, Ed Slott.

Hi, I'm Christine Benz for Morningstar. Required minimum distributions are on hold for 2020. Joining me to discuss some strategies to consider in this no-RMD year is tax and retirement planning expert, Ed Slott.