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Roth Ira

Should The New myRA Account Be Your IRA Account?

Carrie Schwab-Pomerantz, CFP

As I always remind people, the younger you are when you start saving for retirement, the better. Start in your 20s and you should be fine by putting just 10 percent of your annual salary away every year until retirement. That sounds easy enough. But how do you get young people who are having trouble making ends meet to even think about saving for the future?

Roth Right Now!

Terry Savage

Time is money. You've heard that old saying. But when it comes to investment, the better way to say it is: Time leverages money. Especially when you don't have to pay taxes on the money you earn.

Picking the Right IRA Could Save You $1,000


Anyone who wants to cover the cost of living during her golden years should be thinking about IRAs, or individual retirement accounts, just as much as she's nursing her employer-sponsored 401(k)s.

7 Ways To Leverage Your Tax Refund Into Something More

David A. Dedman

The average tax refund is around $3,000. If you are lucky enough to get a refund. That may not sound like a lot, but there are some interesting ways to leverage that return.

Obama Makes Big Move On Retirement

Read More: Myra, Retirement Savings, Retirement, Reuters, Roth IRA, Obama, State of the Union 2014, Thrift Savings Plan, Retirement Planning, State of the Union, Business News

WASHINGTON, Jan 29 (Reuters) - The Obama administration is scheduled on Wednesday to launch a retirement savings vehicle called "myRA," aimed at enr...

Retirement Plan Limits Largely Unchanged in 2014

Jason Alderman

Anyone who's bought groceries, filled their gas tank or paid insurance premiums recently would probably be surprised to learn that the rate of inflation is relatively flat -- only 1.2 percent from September 2012 to September 2013.That's bad news for people who were hoping to boost their contributions to an IRA, 401(k) plan or other tax-advantaged retirement savings accounts.

Over 70-and-a-Half? Don't Forget About Mandatory IRA Withdrawals

Jason Alderman

With final holiday preparations looming, the last thing anyone wants to think about is next April's tax bill. But if you're over 70-and-a-half and have any tax-deferred retirement accounts (like an IRA), you'd better put down the wrapping paper and listen up.

This 1 Chart Shows Why Social Security Is So Important

Read More: Social Security, Social Security Income, 401k, Retirement, Social Security Necessary, Americans Retired, Retired Americans, Roth IRA, Americans Rely on Social Security, Retirement-Income, Retirement Planning, Business News

With Washington leaders continuously debating the future of Social Security, it can be easy to forget just how important the program has become to ret...

4 Ways to Increase Your Financial Independence

Dedrick Muhammad

While total freedom from financial obligation is probably an unrealistic goal for most of us, there are still a few steps you can take that will enable you to gain firmer financial footing and leave you less vulnerable in times of financial hardship.

Saving for College: What Is a 529 Plan and How Can It Help You?

Tim Chen

Finding the right college savings plan takes some research and simply putting money into a savings account may not help you reach your goal in time. There are several options available.

Suze Orman: The 8 Qualities of a Successful Life

Read More: Generosity, Wisdom, Huffmag, Financial Life, Third Metric, Roth IRA, Beauty, Interior Life, Happiness, Financial Advice, Cleanliness, Success, Harmony, Courage, Financial Tips, Balance, Life Insurance, Women News

Suze Orman

There are no money problems. There are people problems. Success is not how many zeroes your bank account has. It's about making the most of the life you have.

The Five Steps for Financial Fitness

Read More: Taxes, Tax Planning, Retirement, Identity Theft, Pensions, Roth IRA, Lifelock, 401(K), Rmd's, Ira's, Financial Fitness, Fiscal Cliff, Aarp, Medicare, Estate Planning, Medigap, Financial Planning, Business News

James Berman

Getting your finances into shape can appear daunting. Breaking it down into categories can help simplify the process. There are five main categories that everyone should tackle.

Retirement Plan Limits Increase in 2013

Jason Alderman

The IRS announced 2013 cost-of-living adjustments to many of the amounts you and your employer can contribute toward your retirement accounts. Here are highlights of what will and won't change in 2013.

Taxes! After the Election - Now What?

Rick Rodgers

Start diversifying your savings today while tax rates are still low. The good news is there still time to take advantage of 2012 tax rates, which may turn out to be the lowest we see in some time. Here are three strategies to help diversify before the end of the year.

Online Financial Advisors: Are They Worth It?

Read More: Investing, 401k, Retiree, Retirement, Learnvest, Roth IRA, Free, Futureadvisor, 401k Fees, Personal Capital, Online Financial Advisor, Financial Planning, Personal Finance, Money News

Catherine New

Retirement plans are like sausage. I want mine to be fat and juicy, and until recently I really didn't care how it was made. But then I got a peek at ...

Prepare Your Kids for Summer Job Expenses

Jason Alderman

If your kid is fortunate enough to find work this summer, there are a few things he or she -- and you -- should know about the economic and tax ramifications of temporary employment:

Catch Up on Retirement Savings in 5 Simple Steps

Read More: Debt, Investing, Social Security, 401k, Saving for Retirement, Retirement, Roth IRA, Ira, Retirement Savings, Retirement Planning, Money News


Reaching a retirement goal on time requires aggressive saving, maximizing tax advantages, lowering your expenses and keeping a diversified investment portfolio. As the old Chinese proverb says, "The best time to plant an oak tree was 20 years ago, and the next best time is today."

"4% Rule" Serves as Guideline for Today's Retirees, But Use With Caution

Read More: 4 Percent Rule, Society of Actuaries, Retirement Planning, Planning for Retirement, Saving for Retirement, Four Percent Rule, Retirement, Ira, 401k, Roth IRA, Money News

Cheryl Krueger

An estimated 10,000 baby boomers turn age 65 each day. Many of them have a significant portion of their retirement savings invested in non-guaranteed defined contribution plans such as 401(k)s and IRAs. As they retire, they will need to switch from saving to spending down.

Don't Worry, Grandma's Got It Covered

Read More: Baby Boomers, Boomer Grandparents, Paying for College, Reuters, Raising Children, Spoiled Kids, Spoiling Kids, Roth IRA, Grandparents Spoiling Kids, Grandparents, Helicopter Parents, Fifty News

By Linda Stern WASHINGTON, April 4 (Reuters) - The generation that invented "helicopter parenting" is moving into its grandparenting y...

Taking To Twitter To Make Retirement Savings Trendy

Read More: Iras, Roth IRAs, Video, Roth IRA Movement, Jeff Rose, Roth-Ira, #Rothiramovement, Roth IRA Conversion, Roth IRA, Roth-Iras, Money News

Can Twitter make saving for retirement cool? On Friday, a day when some of the hashtags trending on the social networking site Twitter included #If...

What Is a Roth IRA? A Short and Simple Guide

Read More: Personal Finance, Roth IRA, Retirement, Traditional IRA, Investments, Certificates of Deposit, Tax Break, Money, 401k, Taxes, Penalty, Banks, Credit Unions, Savings Accounts, Income, Money News

J.D. Roth

Even if you don't have a retirement plan through your job, you can still save for the future. One of the best ways to do so is through a Roth IRA.

Here's The Best Way To Take Advantage Of Your Retirement Benefits

By Heather Struck NEW YORK, March 14 (Reuters) - Americans often view saving for retirement as a choice between contributing to a workplace 40...

Boosting Your Retirement Plan Contributions

Jason Alderman

For the first time since 2009, the IRS has increased the amount people can contribute to their 401(k) and other defined contribution plans.

The Best Option For Investing, From Suze Orman (WATCH)

Finance expert Suze Orman shares why she loves Roth IRA's and what benefits they have for you. Get Suze's FREE download to The Money Navigator enter ...

How to Undo a Roth IRA Conversion

Jason Alderman

The IRS allows taxpayers at any income level to convert part or all of their regular IRAs or 401(k) plans to Roth IRAs. Although such conversions can provide long-term tax advantages -- especially for younger people -- they can be expensive in the short term.

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