Retirement Planning

If you have converted your traditional IRA account into a Roth IRA and had a change of heart, there is a way to change things back. Known as "recharacterization," the transfer back can often work...

The 401k is an extremely popular retirement savings vehicle, especially since many companies will match employee contributions to the plan. The Roth IRA, on the other hand, is a highly flexible...

IRA accounts are an excellent way to save for retirement because of their tax advantages and flexibility in terms of investment options. Taking control of your financial future means having an...

For some people, controlling your IRA means choosing the equities that go into the account. For others, it means having the ability to invest IRA funds not only in equities, but also in...

A Roth IRA is a tax-free growth vehicle that allows you to save toward retirement. Contributions in a Roth are not tax deductible but are not added to your adjusted gross income when you take...

To many people, the idea of diversifying retirement savings means investing in a mix of mutual funds. But others diversify their IRAs by making real estate a component of long-term retirement...

A Roth IRA is an individual retirement account that grows tax-free. These accounts were first established in 1998 as a result of the 1997 Taxpayer Relief Act. Roth IRAs are subject to certain...

While a Roth Individual Retirement Account (IRA) cannot be "redeemed" like a government bond, for example, there are choices you can make in terms of how to close out the balance of a Roth IRA....

Closing a Fidelity Roth Individual Retirement Account (IRA) can be a straightforward procedure. Unless, the account has a zero balance, however, you will need to determine where the funds in the...

While a Roth IRA account generally allows for tax-free withdrawals in retirement, it does not provide a tax deduction on contributions. Depending on your tax situation, this may or may not be in...

Roth Individual Retirement Accounts (IRAs) and 401k accounts share some similar features, such as the tax-free growth of the investments within, but beyond that they are quite different. Roth IRA...

With the advent of the Roth IRA, many people are converting tax-deferred retirement plans to a Roth account. There are several reasons for this. First, the Roth IRA has no required minimum...

An IRA, according to IRS definitions, is an individual retirement arrangement, often referred to as an individual retirement account. When you are opening an IRA, consider your immediate tax needs...

If you want to open a Roth IRA in time to report your contributions on your tax return, you have to open it by the IRS filing deadline for that tax year. Usually, that deadline is April 15 of the...

Whether IRA interest income is taxable or not depends on the type of IRA that you have, Roth or traditional, and whether or not you are taking a distribution from the account.

The 403(b) is like a 401K for employees of tax-exempt organizations, such as schools, non-profits, and certain hospital and religious organizations. Your contributions are deducted from your pay...

If you make a withdrawal from your Roth IRA that is not considered a "qualified distribution," the IRS may levy an additional tax of 10 percent on this money, with exceptions.

Traditional IRAs and Roth IRAs are two types of individual retirement accounts. They are both managed independently of an employer and are tax sheltered, but differ in terms of qualifications and...

The processes for contributing to traditional and Roth IRAs are similar in some aspects but quite different in others. One requirement common to both types is that you must have taxable income...

2010 is a big year for tax-free income. Now is the time for those who have retirement accounts to convert to a Roth IRA. The conversion laws have changed for 2010 only.

Roth 401k plans and traditional 401k plans are two retirement savings plans offered by through your employer. However, they differ in the tax benefits and how matching contributions are made.

An Individual Retirement Account is a special account set up for retirement plans which provides various tax advantages toward retirement savings. An IRA is an integral part of your personal...

An Individual Retirement Account is a retirement investment account whose tax benefits help individuals put aside money to use later in life. Although there are several types of IRAs ranging from...

The 403(b) is a retirement vehicle that allows employees of non-profit, educational and certain religious and hospital organizations to accumulate retirement savings, tax-deferred. As with a...

Individual retirement accounts (IRAs) are accounts given special tax status by the Internal Revenue Service (IRS) to encourage retirement savings. These accounts are tax-sheltered, which means as...

IRA's are individual retirement accounts you can contribute to regardless of your employer, unlike 401k plans that require contributions to be made through your employer. You must only have...

An IRA is an Individual Retirement Account that may be set up by an individual or sponsored by an employer. A 401 is a retirement account similar to an IRA that is created by an employer for the...

Tax time can be fraught with anxiety. Faced with work, family and other obligations, you may find it impossible to file your return by the April deadline. The IRS makes it easy to request a...

A charitable gift annuity is an investment strategy that allows you retain an income for the rest of your lifetime while getting an immediate tax benefit for donating money to a charity. Assets...

IRAs, or individual retirement accounts, offer a great way to save for retirement by allowing your retirement savings to grow either tax-free or tax-deferred, depending on whether you have a...

Contributions to your Roth Individual Retirement Account (IRA) are up to you. There are no requirements to make contributions every year, and unlike traditional IRAs, there is no age limit...

It's wise to save as much for your retirement as your monthly budget allows. One good way to do so is to have a 401(k) plan and a Roth IRA, which are tax-advantaged accounts. There are no Internal...

A Roth 401(k) is a retirement account that is offered by employers to their employees. You are limited to the investment options offered by your employer.

403(b) plans are retirement plans that are similar to 401(k) plans except they are offered to nonprofit employees. Depending on the type, there are tax benefits for using these plans.

Inheriting an IRA can be a boost to your retirement savings. While a traditional IRA can continue to grow tax deferred, you should consider taking advantage of the Roth IRA. The time to make the...

Can you transfer money from a traditional to a Roth IRA? The simple answer is yes. However, there are many factors to consider and the decision can be complicated.

IRAs are accounts that are used to save for retirement. The money in these accounts can be put in a wide variety of investments, including certificates of deposits. In addition to the higher...

IRA is the acronym for Individual Retirement Account. The most popular IRA's are the traditional IRA and the Roth IRA. The Roth IRA is named after William V. Roth, Jr, a senator from Delaware. The...

Closing an IRA account is different than closing most regular investment accounts. For starters, funds in an IRA account have generally never been taxed, so this alone requires additional...

Roth IRAs are an attractive way to save for retirement. You invest for retirement with taxable contributions now and once you retire, the withdrawals are tax free in most instances. Roth IRAs are...

A certificate of deposit (CD) is one investment option for Individual Retirement Accounts (IRA). The tax implications of the interest on a CD in an IRA depends on whether it is in a Roth IRA or...

When the stock market is soaring, putting money aside in a 401K or other automatic investment seems like a no-brainer. But when the stock market starts to tumble, many investors wonder if their...

How to know the benefits of using a structured settlement company will be vital to you if you have been awarded a structured settlement in court and have been approached by a company with an offer...

The IRS allows you to take a tax deduction for losses on your Roth IRA only in very limited circumstances. In order to claim a deduction, you must close your Roth accounts and the amount you can...

An IRA is an Individual Retirement Account, a personal savings plan with tax advantages to those saving money for retirement.

Individual retirement accounts, or IRAs, and, by extension, Roth IRAs, are a popular and often-used form of saving for retirement. One of the big questions often asked regarding an IRA is when the...

Getting your money out of a qualified defined-contribution plan such as a 401(k) or 403(b) may seem like a hassle, but it's not as hard as you might think. Although there are tax ramifications to...

IRAs and 401k plans are two different account types that have the same goal: helping people save for retirement. Both offer an investment tax shelter, meaning the earnings on the money are...

IRAs are individual retirement accounts that you can set up with most financial institutions to help you save for retirement. The two most common types are Traditional IRAs and Roth IRAs.

401K is a popular retirement savings plan used today. This allows employees to contribute their pre-tax dollars to save for retirement. The money grows tax deferred. However, tax is owed on the...