IRA

4 Questions to Ask Yourself When Considering Roth vs. Traditional IRA

For almost anyone planning or building a retirement portfolio with an individual retirement account (IRA), the question comes up sooner or later: "Roth vs. traditional IRA—which one should I choose?" The decision likely will depend on the answers to the following questions. How old are you?For both Roth and traditional IRAs, your maximum annual contribution […]

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

Are You the Right Individual for an Individual Retirement Account?

You've certainly heard about IRAs (individual retirement accounts). But have you had a nagging feeling that you should learn more about them? The truth about IRAs is there's no reason to be intimidated and there are plenty of reasons to get started today. With an IRA, your earnings accumulate tax-free, increasing the already beneficial effect […]

IRA

Things to Consider Before You Begin a Roth IRA Conversion

Some people find that a Roth IRA conversion is a good way to get a tax advantage on money currently in a traditional IRA. But before you begin a Roth IRA conversion, there are a few important things to consider. What Is a Roth IRA Conversion?In a Roth IRA conversion, you convert your funds from […]