At 65 With $850k in an IRA, Should I Convert to a Roth to Avoid RMDs?
Required minimum distributions (RMDs) from pre-tax retirement accounts can have a number of unintended consequences. These mandatory withdrawals can push you into a higher tax bracket, reduce your investment flexibility,
Four Roth IRA Pitfalls Your Adviser May Not Tell You About
Roth IRAs, on the other hand, do not offer a tax break on contributions. Instead, they offer tax-free gains and withdrawals, both of which could be invaluable to Americans who wind up in a higher tax bracket than expected later in life.
Should Your Kids Have A Roth IRA?
If your child has earned income, they can contribute to a Roth IRA. Opening a Roth IRA for kids can significantly change their financial situation in retirement.
7 Best Funds to Hold in a Roth IRA
While you can avoid taxes with smart asset selection – like tax-exempt municipal bond funds or closed-end funds (CEFs) that pay a return of capital, which reduces your cost basis and is not immediately taxable – there's an easier alternative: asset location.
We contributed to our kids' Roth IRAs to help them get a financial head start
When our kids started work as teenagers, we made a deal with them. If they contributed 25% of their income to Roth IRAs, we'd match them 3-to-1.
When A Roth IRA Does Not Make Sense
Tired of hearing conflicting financial advice? 🤔 This video debunks the myth that you should always choose a Roth IRA over a brokerage account. We'll explore why this advice is misleading and can actually hurt your financial future.
Only 17% of Americans Use This Amazing Retirement Account
Among workers who have access to a Roth 401(k), only 17% contribute to one. Here's why others want to start ASAP.
This retirement account is an ‘IOU to the IRS' — but here's when it makes sense, expert says
Your pre-tax IRA is subject to future income taxes, depending on your bracket. But it could offer planning opportunities, ...
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IRA vs Roth IRA: Which Retirement Account Is Right for You?
Planning for retirement is one of the most important financial decisions you’ll make in your lifetime. Among the many options ...
If You Put Just $500 Into Your IRA Every Month for 20 Years, You Could Have This Much Cash by Retirement
For perspective, let's imagine you invest $500 monthly into an IRA and average 10% annual returns for 20 years. After those two decades, you would have around $343,650 in your account (not accounting ...
Roth or Traditional? Seven Considerations for High Earners
Retirement savings and taxes are a minefield — and the higher your income, the more complicated the options. Use these tips ...
Thinking of rolling over your old 401(k) into an IRA? Here's how.
If deciding what to do with an old 401(k) plan has been on your to-do list, here are the key steps you should take to get it done.
6 Questions to Ask Yourself Before Deciding Between a Roth vs. Traditional IRA
You can cut through the confusion of whether a Roth IRA or Traditional IRA will be your best bet by asking yourself six ...
I'm 31 years old and spent my 20s stuffing money into retirement accounts — $75K in a Roth IRA and over $100K in a 401(k) — but I'm struggling to buy a home. Was …
Saving for retirement is important, but your financial plan should account for all of your goals. Here’s what you can do ...