Retirement

For families trying to save for their children’s college education, 529 college savings plans, named for a section of the tax code, have always been hailed as a great option—perhaps the best. Let’s look more closely at what has always made them a good deal: Families invest through these accounts without earnings being taxed as…

The Roth IRA, created by the Taxpayer Relief Act of 1997 and named after Senator William Roth of Delaware, is an option for individuals to increase retirement savings. Taxpayers do not receive a tax deduction for Roth contributions, but retirement distributions are tax-free—which means gains on investments in a Roth IRA are never subject to…