After you file your taxes with TurboTax, use the hidden What-If Worksheet to plan for the current year. See how to use it to plan for a Roth conversion.
Latest Blog Posts
Two Fundamental Drivers of Financial Success in Retirement
Keep your eyes on these two fundamental drivers that determine the financial success of your retirement. Don’t get distracted by the optimization tactics.
Cash Out Old I Bonds to Buy New Ones for a Better Rate
See which older I Bonds you should cash out to buy new ones for a higher fixed rate, the best time to cash out, and how to manage the annual purchase limit.
Which Schwab Money Market Fund Is the Best at Your Tax Rates
Charles Schwab offers 8 money market funds. Which one is the best for you depends on your risk preference and your federal and state tax brackets.
Which Fidelity Money Market Fund Is the Best at Your Tax Rates
Fidelity offers 18 money market funds. Which one is the best for you depends on your preference for convenience and your federal and state tax brackets.
Which Vanguard Money Market Fund Is the Best at Your Tax Rates
Vanguard offers six money market funds. Which one is the best for you depends on your preference for convenience and your federal and state tax brackets.
No FDIC Insurance – Why a Brokerage Account Is Safe
Banks and brokers operate differently. Money in a brokerage account isn’t insured by the FDIC but it’s safer than uninsured deposits at a bank.
Get Rid of Estimated Tax Payment Vouchers from TurboTax
Seeing estimated tax payment vouchers (Form 1040-ES) from TurboTax doesn’t mean you must pay estimated taxes now. You can remove them to avoid confusion.
Opt Out of Underpayment Penalty in TurboTax and H&R Block
Decline the help from tax software in calculating the underpayment penalty. Let the IRS calculate the penalty and bill you when necessary. They often won’t.
One 1099-R Form for Two Rollovers in TurboTax and H&R Block
How to enter a combined 1099-R form for two rollovers in the same year to both Traditional IRA and Roth accounts in TurboTax, H&R Block, and FreeTaxUSA.