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 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

Retiring Smart: Know the IRA Withdrawal Rules

When you open and contribute to an individual retirement account (IRA), you're putting money away for the future. But the future can come more quickly than you expect. It’s smart to understand the rules for taking money out of your IRA when the time comes. IRA withdrawal basics: With a traditional IRA, you are allowed […]

IRA

Retirement Planning Is a Process, Not an Event (part 2 of 3): Know Your Roth IRA Limits

Once you've made the commitment to start saving for retirement—whether it's with a traditional or Roth IRA, a 401(k), or some other plan—it's important to revisit retirement questions periodically, to make sure your plans are still on track and your money is in the right types of accounts. "People always find time to go to […]

IRA

Retirement Planning Is a Process, Not an Event (part 3 of 3) Learn the Roth IRA Rules

Putting together a sturdy retirement plan requires making and then challenging many assumptions about the future. The younger you are, the more abstract those assumptions can seem: For a 30-year-old, predicting what the tax rate might be in 40 years can be daunting. But understanding some basic traditional and Roth IRA rules can help you […]

IRA

What Do I Need to Know to Make a Roth IRA vs. Traditional IRA Choice?

When it comes to getting an early, smart start on retirement planning, the discussions often include considering a Roth IRA vs. a traditional IRA. Both can be great ways to save for retirement. But there are some key differences between the two offerings, as the table below shows. Traditional IRA Roth IRA How It Works […]

IRA

Weighing Your Retirement Options With a Roth IRA Calculator

Individual retirement accounts (IRAs) are a widely used way to put money away for retirement. There are a variety of IRA options. A Roth IRA, for one, lets you grow your savings without paying taxes on the money you earn when you withdraw it in retirement. But a Roth IRA is just one of a […]

IRA

Protecting Wealth in Retirement With a Roth IRA CD

Traditional and Roth IRAs are both individual retirement accounts (IRAs) that can help you save and grow money for retirement. There are, however, key differences between a traditional and a Roth IRA. Understanding these differences can help you decide which account is best for your financial plan. TaxesFor many people, the key difference between a […]