The decision of whether to save for retirement through a Roth IRA or through a traditional IRA is a complex matter that can have significant financial implications in both the short term and the long ...
Carol explained that she had rolled a 401(k) from a former job into a traditional IRA. Later, she began contributing to that IRA with after-tax money — without realizing that, unlike a Roth IRA, she ...
Choosing between Roth and pre-tax contributions for retirement savings depends on how each impacts your taxes now and in retirement. Roth contributions are made with after-tax dollars, so both ...
One of the best ways to do that is to invest through tax-advantaged retirement accounts. The most popular retirement account ...
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. In this piece, we’ll check in on a case of a 20-something ...
A n IRA conversion to Roth is a popular pre-retirement or early retirement move. Roth IRAs offer several benefits that traditional retirement plans don’t. Not only are investment gains in a Roth IRA ...
Some older Americans will see a change in how they can make 401(k) catch-up contributions next year. Is there a catch?
The Roth IRA is one of the most widely held retirement accounts in the United States. According to ICI’s 2024 study, there ...
As we quickly approach the 2024 tax filing deadline of April 15, 2025, many folks are scrambling to not only complete their taxes, but also explore funding traditional IRAs or Roth IRAs for 2024.
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Can I Move My Required Minimum Distributions Into a Roth IRA?
If you're taking a required minimum distribution from an IRA, 401(k) or other tax-deferred account and don't need the money to cover living expenses, where should you stash that unneeded cash?
Retirement planners often debate whether to max out a 401(k) or prioritize a Roth IRA. A mathematical analysis reveals that, contrary to popular advice, maxing out a 401(k) before investing in a Roth ...
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