Friday, 3 May 2024
Kate Ashford A Roth IRA is a handy investment tool that lets you contribute pre-taxed funds to the account, allowing your money to grow over time. Taxed contributions mean you won’t pay any taxes when you’re ready to withdraw your money in retirement. In 2019, you can contribute up to […]
Anna Davies iStock Can you ever have too much money? Some people might say no, but once you’ve paid off your debt and created an emergency fund, what should be your next step for stashing additional funds? The answer may be investing, which has a potentially greater rate of return […]
Anna Davies iStock You may have heard of friends or colleagues using their Roth IRA as an emergency fund, for a downpayment on a house, or as a savings vehicle for their child’s education. But is it possible to use a Roth IRA prior to retirement?While it may be possible […]
Julie Ryan Evans iStock When you’re raising kids, it’s hard to picture them as adults, much less as retirees. So, setting up a retirement account for them isn’t always at the top of the list — or on the list at all — for parents who are focused on paying […]
Can you have multiple Roth IRA’s? Unsurprisingly, when it comes to Roth IRA, this is one of the most googled questions. And it is a legit question. We all want to save for various reasons, and getting ways to increase our savings is what we live for. Maybe we need […]
Jamie Friedlander When it comes to one’s finances, bad decisions can have a snowball-like effect. If you start off the year forgetting a payment here and there, being disorganized with your taxes or failing to contribute to your retirement accounts, you’re setting yourself up for a disorderly financial life in […]
Dori Zinn As you plan your retirement for life after work, you’ll face a multitude of choices. You might have a 401(k) through your job, for example, and if it matches contributions, you should take advantage of it. But if you don’t have that option or you want some extra […]
James F. Royal, Ph.D. If you’ve ever been pitched on a 702(j) retirement plan by a salesman, then you already know it’s not a retirement plan at all. A 702 plan is life insurance that’s commonly advertised as a retirement plan. The 702(j) retirement plan even mimics the lingo of […]
Julie Ryan Evans You’ve probably heard of a Roth Individual Retirement Account (IRA) and are at least somewhat familiar with 401(k) plans, but what about a Roth 401(k)? Here’s what you need to know about this increasingly popular hybrid option some employers offer to help their employees save money for […]
Dori Zinn As you start to invest in your long-term future with a retirement account, it can be very confusing trying to understand all your options. With 401(k)s, IRAs and CDs, this alphabet soup of retirement investing can be difficult to keep up with. When it comes to IRAs, there […]
Tags: Roth IRA, savings account