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 […]

IRA

Shop and Compare IRAs: A Beginner’s Guide to Getting Started

Trying to decide on the right individual retirement account (IRA)? The first step is deciding which tax advantage works best for you. Basically, Contributions to a traditional IRA are deductible when you make them. Contributions to a Roth IRA aren't deductible, but withdrawals are tax-free. More details about each type of IRA account, including income […]

IRA

If Roth IRA Income Limits Change, Are You Prepared?

If you have a Roth IRA, or if you're preparing to open one, it's important to review Roth IRA income limits. Federal law prohibits individuals who make more than the income limit from contributing fully to a Roth IRA. Knowing the current Roth IRA income limits can help you decide if a Roth IRA is […]

IRA

IRA Basics: Funding an IRA

Let's say you've opened an individual retirement account (IRA) that makes sense for you. And now you're wondering exactly how to fund that account. Some of the questions you're probably asking yourself include: Should I write a check once a year? Should I try to make smaller, regular contributions? Should I plan on using bonuses […]

IRA

IRA Basics: My IRA Can Do That?

Individual Retirement Accounts or IRAs have been one of the most popular financial products since their introduction in the early 1970s. The Investment Company Institute reports that: IRAs account for $4.2 trillion in assets. IRAs total about one quarter of all U.S. retirement wealth. IRAs are popular because they're relatively easy to use, once you […]

IRA

Use an IRA Calculator to See Your Retirement Before You Need It.

What will your retirement look like when you're ready? Are you saving enough? At what rate do you need your account to grow to meet your goals? What kind of income expectation is realistic? Find the IRA Calculator That Works Best For You.An IRA calculator can help you make some educated assumptions about your retirement. […]

IRA

When Should I Maximize My IRA Contribution Limits?

Conventional personal finance advice often can be pretty predictable: When asked "How much should I save for retirement this year?" most experts will say, "As much as you possibly can—and certainly at least as much as IRA contribution limits allow." Realistically, retirement planning doesn’t always work that way. Typically, the IRA contribution limits are $5,000 […]

IRA

How an IRA Distribution Calculator Can Help You Plan Gift Giving

Perhaps you'd like to help your daughter buy her first home. Or you might want to help with your grandchildren's college tuition. Giving gifts to family can be very gratifying—especially if you plan wisely. One strategy to consider is using gifts to help satisfy your minimum IRA distribution requirement. In the case of traditional IRAs, […]

IRA

IRA Options to Supplement Your 401(k)

Will I have enough money in retirement? It’s a question you’ve probably asked yourself many times. Saving for retirement used to be simpler. Large employers often provided pension plans, and many people simply counted on those and Social Security to see them through their golden years. Today, pensions have been largely replaced by 401(k) retirement […]

IRA

Is an SEP IRA Right for Me?

Saving for your future isn't optional. But when it comes to how you save, there are plenty of options. While most people include an individual retirement account (IRA) among their retirement savings tools, not all IRAs are created equal. One valuable IRA option for small businesses and people who are self-employed, is the SEP (Simplified […]