Saturday, 20 April 2024

Tag : Roth IRA

14 Feb
5:57

What to Do With a 401(K) After Leaving Your Job

Dori Zinn Getting a new job is stressful. You have to familiarize yourself with an entirely new company and learn entirely new job functions and processes. And when it comes to tying up any loose ends from your old job, deciding how to handle your old employer-sponsored 401(k) is probably […]

14 Feb
4:19

The Ultimate Guide to Choosing a Brokerage Firm

Anna Davies iStock Whether you want to actively buy and sell stocks, open a Roth IRA, or just explore different investing strategies, you’ve probably come across some recommendations and reviews of brokerages. But what is a brokerage? How does a broker work for you and your money, and what should […]

13 Feb
9:29

Roth IRA 5-Year Rule: What You Need to Know

Jamie Cattanach iStock Depending on your financial situation, a Roth IRA is one of the savviest ways to save for retirement. It’s an investment account whose contributions are taxed today, but whose earnings then grow tax-free — and can then be a source of tax-free income upon retirement. Roth IRAs […]

09 Feb
10:45

Smart Ways to Invest $1,000

Christy Rakoczy iStock You have $1,000 and need to figure out what to do with it. Whether it came from a tax refund, a bonus at work or your hard-earned savings, a wise investment strategy could turn that cool grand into a boon for your financial life. Unfortunately, there isn’t […]

07 Feb
4:22

4 Simple Ways to Invest $500 Wisely

Julie Ryan Evans iStock Think you need thousands of dollars to start investing? Think again. When it comes to investing, no amount is too small, and today’s modest investments can pay off big time down the line. If you have an extra $500, you may not think it’s worth it […]

07 Feb
2:49

Pros and Cons of a Roth IRA

Dori Zinn Maybe you were always told that a Traditional IRA is the best investment account you should have. But then you discovered that there are so many more options out there than the default. Yes, Traditional IRAs are the most popular, but that doesn’t mean they’re the best choice […]

05 Feb
11:49

10 Things You Shouldn’t Do With Your Tax Refund

Laura Woods iStock Tax season is upon us, meaning a refund might be headed your way. No doubt you’re excited by the idea of a cash influx, but this isn’t free money. “Most people think their tax return is a gift from the government,” said Paula A. Norby Krueger, owner […]

05 Feb
3:19

Roth IRA and 401k: A Smart Investment Pairing

Sarah Sharkey Investing for retirement can seem to be an overwhelming task. There are many different types of retirement accounts that all offer different benefits. You’ve likely already heard of 401(k)s and Roth IRAs, and may be trying to decide which is best for your retirement savings. Each of these […]

04 Feb
12:19

5 Times to Invest With a Taxable Account

Kat Tretina iStock “Invest in your retirement.” “Contribute enough to your 401(k) to get the full match.” “Open an IRA.” We’ve all heard these standard snippets of advice. However, while investing in your retirement is important, it’s not the only way to invest; a taxable account is another smart option. […]

30 Jan
12:14

What Is a Backdoor Roth IRA?

Jamie Cattanach iStock Whether you’re a freelancer or a salaried employee looking to supplement a company-sponsored retirement plan like a 401(k), an individual retirement account (IRA) can be a powerful tool to help you reach your financial goals. These self-directed retirement funds are readily available through commercial brokerages and can […]