iOS app Android app

Roth Ira

One-Word Answers To Your Money Questions

NerdWallet | Posted 02.08.2017 | College

Financial advice is loaded with fine print, disclaimers and caveats. But sometimes, you want a straight answer before digging deeper. We answered 10 ...

Who is 'Roth' anyway? Legacy of the Roth IRA Originator

NerdWallet | Posted 12.24.2016 | Business

By Kevin Voigt Former U.S. Sen. William Roth was a champion of Reagan-era tax cuts, known for his investigations into $640 Pentagon toilet seats and ...

Make Too Much for A Roth IRA? Here's a Way Around That

NerdWallet | Posted 12.22.2016 | Business

In recent years, there's been an explosion of interest in converting individual retirement accounts into Roth IRAs. The reason: a provision that unloc...

When to Move Retirement Savings Into a Roth IRA

NerdWallet | Posted 12.21.2016 | Business

The end of the year is a common time for people to look into rolling over an existing individual retirement account or a 401(k) from a previous employ...

6 Key Money Moves To Consider Before The New Year

Next Avenue | Shelley Emling | Posted 01.12.2017 | Fifty

Don’t let the distractions of a busy holiday season prevent you from making important and timely financial decisions. From donating to charities to ...

Why Roth IRAs Can Be Ideal For Millennials

NerdWallet | Posted 12.20.2016 | Business

When you're young, starting an individual retirement account may be the furthest thing from your mind. But for millennials, those born from roughly th...

MyRA, IRA and Roth IRA: What's the difference?

NerdWallet | Posted 12.19.2016 | Business

If you're new to retirement savings, the raft of abbreviations for individual retirement accounts can confuse. To know your myRA from your IRA -- or w...

Advantages of a Traditional IRA - Disadvantages of a Traditional IRA | Posted 04.15.2016 | Fifty

Traditional IRAs are a great investment vehicle for retirement for those who qualify to contribute to them (there are some limitations), and they have...

Roth IRA Withdrawals: The Exceptions Can Be as Important as the Rules

Carrie Schwab-Pomerantz, CFP | Posted 04.11.2016 | Business
Carrie Schwab-Pomerantz, CFP

Dear Carrie, I'm thinking of taking a distribution from my Roth IRA. What do I need to know? Are there any taxes or penalties? --A Reader Dear Read...

Is Your Emergency Fund Too Big?

NerdWallet | Posted 03.26.2017 | Business

By Arielle O'Shea Three to six months of expenses: It's the golden rule of emergency funds. It's also an intimidating goal when you start adding up ...

How to Invest Your Tax Refund So It Feels Like Splurging

NerdWallet | Posted 03.26.2017 | Business

By Dayana Yochim The easiest money to fritter away is the "expected windfall," otherwise known during this time of year as "the tax refund." Who ca...

Why Tax Planning is Key for Small Business Owners | Posted 03.10.2017 | Business

The 2015 tax season is here. Tax planning is a critical part of a small business owner's financial plan. The majority of small business owners ignore...

The Rich People's Roth -- Is It Right for You?

David Rae | Posted 02.17.2017 | Queer Voices
David Rae

Even if your financial house is in order and you're on-track with your goals, accounts and investments, cash value life insurance is something worth considering.

One for the Aged

Jerry Zezima | Posted 02.16.2017 | Comedy
Jerry Zezima

Now that I have reached 62, the age at which geezers such as yours truly are eligible to take Social Security payments, I have made an important discovery.

Keeping Your New Year's Financial Resolutions

Nathaniel Sillin | Posted 01.22.2017 | Business
Nathaniel Sillin

For many of us, New Year's resolutions often vanish in days - weeks at most. The latest update of a University of Scranton study puts "weight loss" a...

The First Thing You Should Do With Your Paycheck After Getting a Raise

GOBankingRates | Posted 11.11.2016 | Business

By Alaina Tweddale, Contributor The average worker can expect about a 3 percent pay raise in 2015, according to a 2014/2015 compensation planning s...

Interested in Saving Money? Check Out myRA.

Mark Steber | Posted 11.09.2016 | Business
Mark Steber

It is safe and easy to set up, it is backed and insured by the U.S. Government, there are no fees or charges, no minimum deposits required, and perhaps best of all, you can set it up right now -- it is that simple and fast.

5 Ways To Build Your First Million

NerdWallet | Posted 10.30.2016 | Money

The value of a $1 million nest egg is substantially different depending on whether you're living in Kansas City or San Francisco, retiring at 62 or 70, or planning on a life expectancy of 75 or 90.

Working Funds: 3 Ways to Cash in on Life Insurance for Retirement

David Rae | Posted 07.22.2016 | Business
David Rae

The good news is that you don't have to die to use your Life Insurance. Here's how to put the new policies to work for you.

IRA Balances Increase With The Rise In Contribution Limits

Buck Wargo | Posted 06.30.2016 | Fifty
Buck Wargo

First came the emergence of the 401(k) millionaires... So it's only natural that balances in IRA accounts are now making a steep jump.

5 Money-Saving Tax Loopholes About to Disappear

GOBankingRates | Posted 06.15.2016 | Business

The thousands of pages of the federal tax code -- and the tens of thousands of pages of ensuing regulations and judicial rulings -- offer many ways to reduce your taxes. These arrangements are often nicknamed loopholes when they apply to only some people.

Avoid This Trap When Using a Roth IRA to Pay for College

Mike Branch, CFP | Posted 05.13.2016 | College
Mike Branch, CFP

Paying for college is challenging enough. Paying for college while saving for retirement can be nearly impossible. There is only so much money to go around. Roth IRAs can be a great way to bridge the gap between paying for college and saving for your own retirement.

Things You Want To Know About Investing But Are Afraid To Ask -- Part 3

Carrie Schwab-Pomerantz, CFP | Posted 06.29.2015 | Money
Carrie Schwab-Pomerantz, CFP

So let's say you've got the basics down. You've decided you're a moderately aggressive investor looking for growth, and you've researched and chosen a couple of initial investments. Are you ready to buy? Not quite.

How to Tell If a Roth IRA is Right for You

Mike Branch, CFP | Posted 06.09.2015 | Business
Mike Branch, CFP

Everyone's situation is a little different, but unless you expect your tax bracket to drop in the future, I would say that for most people with a choice, the long-term benefits of the Roth IRA override the short-term tax deduction of the traditional IRA.

What You Need to Know to Max Out Your Retirement Savings In 2015

MyBankTracker | Posted 04.06.2015 | Money

This year, thanks to a few tweaks to the tax code made by the IRS, you can contribute more to your retirement. The money invested today, that grows at a modest 5 percent, will be worth four times as much in 30 years. Find out what you can do now to maximize the growth of your nest egg.