Learn how tax-deferred contributions can lower your adjusted gross income (AGI) and explore strategies to maximize your tax savings while building a strong retirement plan.
This comprehensive guide explores the advantages and disadvantages of a Roth IRA, helping you determine if it aligns with your retirement savings goals.
This comprehensive guide outlines the 2024 and 2025 Solo 401(k) contribution limits, deadlines, and strategies to maximize your retirement savings as a self-employed individual or small business owner, including details on the SECURE 2.0 Act.
Discover how aging in place can offer significant tax advantages for seniors, potentially saving thousands on capital gains and preserving your estate.
Learn about the advantages and disadvantages of 529 plans for saving for college and other qualified education expenses, including new 2024 tax implications and Roth IRA rollover options.
Learn how to navigate IRA tax withholding complexities, manage RMDs effectively, and avoid penalties when your IRA custodian’s guidance is unclear, using this comprehensive guide from XOA TAX.
Learn how to accurately calculate and manage your Required Minimum Distributions (RMDs) to avoid costly IRS penalties and optimize your retirement income.
Bypass Roth IRA income limits with the simple backdoor Roth IRA strategy—ideal for high earners with no existing Traditional IRA—and unlock tax-free retirement growth.
Understand the tax consequences of recharacterizing or converting your IRA contributions to optimize your retirement savings strategy, and learn how XOA TAX can help you navigate these complex transactions.