Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise covers a ...

If you own mutual funds in a taxable account, you may find yourself with a tax bill for mutual fund capital gains and income distributions. And you may have to pay taxes on these gains even if you ...

The "stretch IRA" is gone for most beneficiaries who inherit IRAs from people who aren't their spouses. Before 2020, deceased owners of traditional IRAs could leave their accounts to their kids, ...