A Roth IRA is a uniquely powerful retirement-savings tool because you won’t pay taxes on the money you withdraw during retirement. Different types of annuities accomplish different things and have distinct pros and cons—like the Swiss army knife of personal finance. Since they’re so varied, one type or another can work well for a Roth… Continue reading Often-Overlooked Way to Fund Your Roth IRA Has Many Advantages
Tag: Roth IRA
Are You Leaving Your Beneficiaries a Tax Time Bomb?
When it comes to retirement – and to passing on whatever wealth you’ve accumulated to a spouse or the next generation – you may think you’ve thought of everything. But despite your careful planning, it could be that Uncle Sam will be handing you a hefty tax bill while you’re living – or your beneficiaries… Continue reading Are You Leaving Your Beneficiaries a Tax Time Bomb?
With Taxes “On Sale” It Could Be Time to Convert to a Roth IRA
Retirement can open up a whole new way of life for Americans ready to bring their working years to an end, but at least one thing doesn’t change. The IRS still keeps a watchful eye on your income – including whatever amount you’re pulling from the IRA or 401(k) that you spent decades building into… Continue reading With Taxes “On Sale” It Could Be Time to Convert to a Roth IRA
When Retirement Accounts Multiply, Is It Time To Consolidate?
After decades of job hopping – by necessity or design – some people have accumulated several retirement accounts, making it a confusing chore to keep track of what’s happening with their money. They may, for example, have three 401(k) accounts, a Roth IRA, and a couple of traditional IRAs. That’s just the way it is… Continue reading When Retirement Accounts Multiply, Is It Time To Consolidate?