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Roth Ira

Roth vs. Traditional 401(k) -- Which Is Better?

Carrie Schwab-Pomerantz, CFP | Posted 07.23.2014 | Money
Carrie Schwab-Pomerantz, CFP

The sheer number of retirement accounts can make anyone's head spin. Once you've opened a specific type of account -- for instance a traditional 401(k) -- it's tempting to just figure you're set. But with more and more employers now offering a Roth 401(k) as well, it's smart to take a step back and consider the potential benefits of each.

Should The New myRA Account Be Your IRA Account?

Carrie Schwab-Pomerantz, CFP | Posted 07.15.2014 | Money
Carrie Schwab-Pomerantz, CFP

As I always remind people, the younger you are when you start saving for retirement, the better. Start in your 20s and you should be fine by putting just 10 percent of your annual salary away every year until retirement. That sounds easy enough. But how do you get young people who are having trouble making ends meet to even think about saving for the future?

Roth Right Now!

Terry Savage | Posted 07.13.2014 | Business
Terry Savage

Time is money. You've heard that old saying. But when it comes to investment, the better way to say it is: Time leverages money. Especially when you don't have to pay taxes on the money you earn.

Picking the Right IRA Could Save You $1,000

Manilla.com | Posted 06.01.2014 | Money
Manilla.com

Anyone who wants to cover the cost of living during her golden years should be thinking about IRAs, or individual retirement accounts, just as much as she's nursing her employer-sponsored 401(k)s.

7 Ways To Leverage Your Tax Refund Into Something More

David A. Dedman | Posted 05.12.2014 | Money
David A. Dedman

The average tax refund is around $3,000. If you are lucky enough to get a refund. That may not sound like a lot, but there are some interesting ways to leverage that return.

Obama Makes Big Move On Retirement

Reuters | Posted 03.31.2014 | Business

WASHINGTON, Jan 29 (Reuters) - The Obama administration is scheduled on Wednesday to launch a retirement savings vehicle called "myRA," aimed at enr...

Retirement Plan Limits Largely Unchanged in 2014

Jason Alderman | Posted 03.04.2014 | Business
Jason Alderman

Anyone who's bought groceries, filled their gas tank or paid insurance premiums recently would probably be surprised to learn that the rate of inflation is relatively flat -- only 1.2 percent from September 2012 to September 2013.That's bad news for people who were hoping to boost their contributions to an IRA, 401(k) plan or other tax-advantaged retirement savings accounts.

Over 70-and-a-Half? Don't Forget About Mandatory IRA Withdrawals

Jason Alderman | Posted 02.10.2014 | Fifty
Jason Alderman

With final holiday preparations looming, the last thing anyone wants to think about is next April's tax bill. But if you're over 70-and-a-half and have any tax-deferred retirement accounts (like an IRA), you'd better put down the wrapping paper and listen up.

This 1 Chart Shows Why Social Security Is So Important

The Huffington Post | Jillian Berman | Posted 08.15.2013 | Business

With Washington leaders continuously debating the future of Social Security, it can be easy to forget just how important the program has become to ret...

4 Ways to Increase Your Financial Independence

Dedrick Muhammad | Posted 09.17.2013 | Black Voices
Dedrick Muhammad

While total freedom from financial obligation is probably an unrealistic goal for most of us, there are still a few steps you can take that will enable you to gain firmer financial footing and leave you less vulnerable in times of financial hardship.

Saving for College: What Is a 529 Plan and How Can It Help You?

Tim Chen | Posted 08.21.2013 | College
Tim Chen

Finding the right college savings plan takes some research and simply putting money into a savings account may not help you reach your goal in time. There are several options available.

Suze Orman: The 8 Qualities of a Successful Life

Suze Orman | Posted 07.07.2013 | Women
Suze Orman

There are no money problems. There are people problems. Success is not how many zeroes your bank account has. It's about making the most of the life you have.

The Five Steps for Financial Fitness

James Berman | Posted 03.10.2013 | Business
James Berman

Getting your finances into shape can appear daunting. Breaking it down into categories can help simplify the process. There are five main categories that everyone should tackle.

Retirement Plan Limits Increase in 2013

Jason Alderman | Posted 01.02.2013 | Money
Jason Alderman

The IRS announced 2013 cost-of-living adjustments to many of the amounts you and your employer can contribute toward your retirement accounts. Here are highlights of what will and won't change in 2013.

Taxes! After the Election - Now What?

Rick Rodgers | Posted 01.13.2013 | Money
Rick Rodgers

Start diversifying your savings today while tax rates are still low. The good news is there still time to take advantage of 2012 tax rates, which may turn out to be the lowest we see in some time. Here are three strategies to help diversify before the end of the year.

Online Financial Advisors: Are They Worth It?

Catherine New | Posted 11.12.2012 | Money
Catherine New

Retirement plans are like sausage. I want mine to be fat and juicy, and until recently I really didn't care how it was made. But then I got a peek at ...

Prepare Your Kids for Summer Job Expenses

Jason Alderman | Posted 06.01.2012 | Parents
Jason Alderman

If your kid is fortunate enough to find work this summer, there are a few things he or she -- and you -- should know about the economic and tax ramifications of temporary employment:

Catch Up on Retirement Savings in 5 Simple Steps

InvestingAnswers | Posted 06.18.2012 | Money
InvestingAnswers

Reaching a retirement goal on time requires aggressive saving, maximizing tax advantages, lowering your expenses and keeping a diversified investment portfolio. As the old Chinese proverb says, "The best time to plant an oak tree was 20 years ago, and the next best time is today."

"4% Rule" Serves as Guideline for Today's Retirees, But Use With Caution

Cheryl Krueger | Posted 06.04.2012 | Money
Cheryl Krueger

An estimated 10,000 baby boomers turn age 65 each day. Many of them have a significant portion of their retirement savings invested in non-guaranteed defined contribution plans such as 401(k)s and IRAs. As they retire, they will need to switch from saving to spending down.

Don't Worry, Grandma's Got It Covered

Reuters | Posted 06.04.2012 | Fifty

By Linda Stern WASHINGTON, April 4 (Reuters) - The generation that invented "helicopter parenting" is moving into its grandparenting y...

Bonnie Kavoussi

Taking To Twitter To Make Retirement Savings Trendy

HuffingtonPost.com | Bonnie Kavoussi | Posted 04.02.2012 | Money

Can Twitter make saving for retirement cool? On Friday, a day when some of the hashtags trending on the social networking site Twitter included #If...

What Is a Roth IRA? A Short and Simple Guide

J.D. Roth | Posted 05.28.2012 | Money
J.D. Roth

Even if you don't have a retirement plan through your job, you can still save for the future. One of the best ways to do so is through a Roth IRA.

Here's The Best Way To Take Advantage Of Your Retirement Benefits

Reuters | Posted 05.15.2012 | Money

By Heather Struck NEW YORK, March 14 (Reuters) - Americans often view saving for retirement as a choice between contributing to a workplace 40...

Boosting Your Retirement Plan Contributions

Jason Alderman | Posted 03.14.2012 | Business
Jason Alderman

For the first time since 2009, the IRS has increased the amount people can contribute to their 401(k) and other defined contribution plans.

The Best Option For Investing, From Suze Orman (WATCH)

Posted 09.18.2013 | MarloThomas

Finance expert Suze Orman shares why she loves Roth IRA's and what benefits they have for you. Get Suze's FREE download to The Money Navigator enter ...