IRA

Does Ally Bank Offer a Traditional IRA?

A Roth individual retirement account (IRA) is a wise choice for many people: But there also are smart reasons why you might choose a traditional IRA as a savings vehicle for retirement—especially if you’d like to reduce your tax burden now, not when you retire. Contributions to a traditional IRA are tax-deductible when you make […]

IRA

Getting Ready For Individual Retirement Account (IRA) Rollovers

Although it's true that many Americans are woefully unprepared for retirement, even those who have been saving diligently sometimes have trouble keeping track of their retirement accounts. Some of the most common questions people have involve the IRS's IRA rollover rules, in other words, restrictions on how you can move different retirement funds into one […]

IRA

Retirement Planning Is a Process, Not an Event (Part 1 of 3): Using an IRA Calculator

Nobody's perfect. But many experts say the trouble with so much formal retirement planning is that people think it must be done once and done perfectly. By the time you even begin to think about leaving your career, you might think you should’ve already stashed away a million bucks. But that's not necessarily true. Retirement […]

IRA

Roth IRA Contribution Limits: Maximize Your Retirement Nest Egg

A number of personal finance experts strongly recommend Roth individual retirement accounts (IRAs) because their tax benefits arrive just when you need them most—when you retire. Contributions to a traditional IRA are deductible in the tax year you make them, up to government-set limits. And although contributions to a Roth IRA aren't tax-deductible, the withdrawals […]

IRA

Which Type Of IRA Plan Is Right for Me?

Individual retirement accounts (IRAs) are a key element in many people's financial plans. If you are interested in getting a tax-advantaged start on retirement by opening an account, you should know some basics to help you compare IRA plans.The most common types of IRAs are traditional, Roth, and SEP IRAs. Traditional IRAs: With a traditional […]

IRA

What Is a Roth IRA and Why Should You Have One?

Even though most people would agree that saving more for retirement is a good idea, figuring out how to do it can be challenging and a bit confusing, especially for beginners. Many experts say a good place to start is with an individual retirement account, or IRA. There are two common types, a traditional or […]

IRA

What Is a Self-Directed IRA, and Do I Want One?

A self-directed IRA works like a traditional or even a Roth IRA, except that you—the account holder—make the investment decisions. Typically, this approach lets you invest in things beyond the stocks, bonds and other vehicles that usually are available in the traditional or Roth IRA. Thus, a self-directed IRA might include investments in real estate, […]

IRA

What Is an IRA?

There are many strategies for retirement saving, but perhaps the single most common piece of savings advice is to start early. And whether you've got a little money to invest or a lot, the earlier you get started the sooner you're on your way to a solid future. A common tool for retirement savings is […]

IRA

What’s an IRA Account?

Not everyone plans for tomorrow. And for those who'd rather live for today, the subject of retirement rarely is first on their list of priorities. Ask "What is an IRA account?" and the response may well be a blank stare. But time catches up to everyone, so it’s smart to plan for the future. An […]

IRA

Your Retirement Goals: How Much Money Do You Need Without Altering Your Lifestyle?

For many people, a great retirement means having enough money to enjoy life without altering their current lifestyle. Setting retirement goals is one of the first steps you can take to figure out how much money you need to retire the way you want. Setting Retirement Goals Start by making a list of all the […]