Reuters Money

Financial independence day: 5 ways to get there

July 4, 2011

No fireworks will explode if you can pull off financial independence, but it sure beats working for the man. How do you do it? Do you have to live like a monk? Give up chocolate? Move to a tent? Stop watching the Cartoon Network?

5 summer tax tips for working teens

June 22, 2011

By Nancy R. Mandell

University of Massachusetts junior Evan Resnick was thrilled to get a paid summer internship at a medium-sized technology firm on the outskirts of Boston. The 20-year-old computer-science major, who lives in nearby Needham, Massachusetts, is fully aware that the competition for internships — often unpaid — and even summer jobs in the retail and food-service sectors, is fierce. This summer, the number of high school and college students with an internship is expected to outpace the 960,000 who found summer employment last year.

Investing doesn’t have to be so complicated

May 16, 2011

By Dan Greenshields, CFA and President and Chief Investment Officer of ING DIRECT Investing.

Retirement: How to roll a 401(k) to Roth IRA

April 5, 2011

A woman looks over paperwork REUTERS/Jill Kitchener

I would like to know the best way to roll a 401(k) over to a Roth IRA and the tax consequences–Reuters Prism Money blog post

Write a separate check for IRA fees, save big

February 11, 2011

Valerie Arbogast, France's Banque Populaire financial adviser, speaks with Eric Fresnel (R), head of packaging company Sleever, in Paris October 29, 2008.  REUTERS/Benoit Tessier  If you’re getting investment advice for your Individual Retirement Account (IRA), Roth IRA or Rollover IRA, you’re probably paying for it, even if the charges aren’t obvious. But by making that payment explicit, and covering it with funds from outside of your retirement account, you can magnify your retirement savings and get an extra tax deduction, too.

Year-end money moves: Get your financial house in order

December 16, 2010

U.S. one dollar bills are displayed in this posed photograph in Toronto October 22, 2008. It’s that time of year again: The holidays, when your to-do list starts to look as lengthy and convoluted as the nation’s tax code. You’re overrun, overbooked, and overwhelmed, traveling and working and juggling a thousand different chores – all at the same time. We get it.

Tax deal makes Roth conversions easier to fund

December 13, 2010

The all-but-certain extension of the Bush-era tax cuts has added a sweetener for anyone still considering making a Roth IRA conversion in 2010.

Taxes: How to stash the cash

December 9, 2010

Some year-end moves make sense regardless of where Washington goes with its on again-off again tax deal. The best of the crop are those arrangements that let you put away money for yourself and your family and get a tax break for doing so. That includes traditional IRAs, Roth IRAs (the break comes later, but it’s worth the wait), health savings accounts and college savings programs.

Roth IRA conversions: Switch now to avoid higher taxes

October 29, 2010

If you’ve been thinking of converting some of your retirement assets to a Roth IRA, rising tax rates are just one more reason to do it sooner rather than waiting till next year.

The freelanced retirement

October 19, 2010

Freelancers may be outstanding at many things. E-mailing a project while interviewing a source and dealing with a screaming two-year-old, all at the same time? Fantastic.