401ks & IRAs

Under the current law, a person can withdraw funds from both Traditional and Roth IRAs without penalty starting at age 59½. Individuals younger than that can also withdraw from an IRA, but...

Roth 401k plans are retirement vehicles that companies offer their employees. A Roth 401k plan offers the tax benefits of a Roth IRA but without the income restrictions.

Roth IRAs and Traditional IRAs are two types of individual retirement accounts that you can open regardless of your employment. Both types provide a tax-sheltered account, which means the earnings...

Many Americans are investing their money in a Roth IRA (Individual Retirement Account) or are considering doing so. It's important that they understand this popular savings plan and how it differs...

IRAs enjoy favorable tax treatment and are an excellent way to save for retirement. But to prevent these accounts from being used for purposes other than retirement saving, the federal government...

Americans carry the right to pay the least amount of taxes possible---by legal means. Individual Retirement Arrangements (IRAs) that are passed onto beneficiaries as part of an estate do carry...

Converting money from a traditional IRA or other pretax retirement plan to a Roth IRA puts your dollars out of the reach of future tax collectors. There is no age restriction for a conversion, and...

A Simplified Employee Pension (SEP) is an IRA-based plan and follows the same rules for distributions as a Traditional IRA. But because all contributions to a SEP are pretax and any investment...

You can roll over an IRA (Individual Retirement Accounts) into any kind of account you would like, depending on the tax consequences you are willing to pay. The concept behind traditional IRAs is...

A 401k plan, if your employer offers one, can be a great way to save for retirement. Contributions to your 401k are made with pretax dollars, and the earnings grow tax deferred until you withdraw...

If you have recently switched jobs or retired, you may be considering rolling your retirement funds into an IRA to avoid penalties and taxes. Qualified pensions, 401(k)s, annuity plans, 403(b)s...

As of 2008, you may roll over qualified pensions, 401k's, annuity plans, 403b's and federal deferred compensation plans into an IRA. Doing so can help you avoid penalties related to your age or...

Individual retirement accounts, IRAs for short, were legislated so people could save for retirement. The benefit of an IRA is the way money is treated for tax purposes. Each type of...

Individual retirement account (IRA) holders must be aware of three time frames regarding the withdrawal of funds. With a few exceptions, there is a 10% penalty for withdrawing monies from an IRA...

Employees leaving the workplace to retire have several critical choices to make regarding their 401(k) account. Depending on age, lifestyle and budget needs, monies in 401(k) accounts can be...

When planning for your retirement, there are a number of savings options from which to choose, including traditional IRAs and Roth IRAs. Due to its distinctive structure, the Roth IRA has much...

Individual Retirement Accounts (IRAs) are excellent ways to save money for the future and reduce taxes. Once you reach 59 ½, you will enjoy penalty-free, taxable withdrawals from your IRA....

A 401k is a tax-deferred, employer-sponsored retirement investment account that allows you to have a portion of your wages deferred and invested on your behalf. Contributions are tax-deferred,...

IRA owners may take qualified distributions starting at age 59 ½. While non-Roth owners must adhere to mandatory distributions provisions, Roth owners can avoid them entirely. Foregoing...

You can establish a SEP IRA, or Simplified Employee Pension account, for both your employees and yourself if you are either self-employed or you own a small business. It can be done with minimum...

In 1997, Delaware Senator William Roth championed the development and creation of the Roth IRA, a new individual retirement account that would give Americans a new option for retirement savings....

IRAs, Individual Retirement Accounts, are the largest monetary asset left to children and grandchildren. In order to leave an IRA to a particular person(s) all that must be done is to name them...

Roth IRAs can be “cashed out” very easily. Depending on how old you are and how long you have had the Roth IRA, distributions (which is the technical term for a “cash...