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Roth accounts offer no current-year tax benefit, but they can provide tax-free retirement income.
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The day-to-day demands of supporting multiple generations can take a toll, but planning and support might help achieve a workable balance.
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New tax rules will determine the deductibility of donations in 2026 for better or worse, which means taxpayers may want to rethink the timing and amount of their donations for 2025 and beyond.
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With traditional pensions in decline, it’s up to the individual employee to build retirement savings in a work-based account.