Learn how to decide whether to max out your 401(k) or IRA first based on your income, tax bracket, and retirement goals.

Future tax rates are uncertain, which means the choice between a Roth or a traditional IRA is one that involves both science and art. Having a window into the future would help. “If that’s not ...

Here’s how the Roth IRA works, what it offers and how it compares to a traditional IRA. If you already know you want a Roth ...

Picture this: you’re 65 years old, still working and have around $400,000 saved in a traditional IRA. You’re healthy, active ...

While utilizing Roth accounts to pay off debt isn’t a wrong idea, it’s just not the most tax efficient, he pointed out. The problem is that when you take money out of an IRA, you’re not just ...

So if you convert $5,000 from a traditional IRA to a Roth IRA on Sept. 1, 2024, your countdown begins Jan. 1, 2024. You will pay a 10% early withdrawal penalty if you take the money out before Jan ...

Using Roth IRA withdrawals can be a good way to effectively fund tax-free renovations, but it can cost you a lot in the long run if you’re not otherwise prepared for your retirement. Speak with ...

In addition, decide whether you go with a traditional IRA CD or a Roth IRA CD. You might want a Roth IRA if you think you'll pay less tax on your funds if you pay now; otherwise, a traditional IRA ...

Before you contribute to an IRA, consider future tax brackets, withdrawal rules and the long-term benefits for heirs. Read Full Article » ...