Retirement Planning

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...

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.

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...

Whether you can contribute to an IRA when you are retired depends on your age, your income and the type of IRA you wish to contribute to---a Traditional IRA or a Roth IRA.

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.

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.

There is a deduction for losses on your IRA accounts, but it is based on the loss of nondeductible contributions over the life of the account rather than the loss of value in a given year. The...

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.

If you meet the eligibility requirements for both a traditional IRA and a Roth IRA, you are allowed to contribute to both in the same year. However, each dollar you contribute to one reduces the...

There are no income limitations for making contributions to a traditional IRA account. However, your income may disqualify you from taking a tax deduction for your contribution to a traditional...

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...

Roth 401(k) plans and traditional IRA accounts are retirement savings plans that are given special tax benefits by the federal government. Both are tax-sheltered accounts, which means the money...

Individual Retirement Accounts -- both traditional IRAs and Roth IRAs -- offer tax-sheltered status for retirement savings. You can invest in an IRA on your own rather than having to invest...

Roth IRAs were enacted in 1997 to prove an alternative retirement savings plan to traditional IRAs. Roth IRAs are different from traditional IRAs, because you are not able to take a tax deduction...

Roth 401k plans were authorized in 2001 and became effective in 2006. By investing today and paying taxes on your contributions today, a Roth 401k allows you to withdraw that money and any...

Converting a traditional IRA to a Roth IRA is usually a good idea. The key word is "usually." There are things you need to consider before making the switch; otherwise, you might turn a good...

When individual retirement accounts first came on the scene, many workers welcomed them as a sensible way to put away money for retirement. Now that the world of IRAs has become more mature, many...

IRAs are retirement accounts that allow you save toward retirement while getting a tax benefit. Traditional IRAs grow tax-deferred and allow you to deduct the contribution from taxes, while Roth...

There are many options when thinking about saving money for your retirement. There are the traditional IRAs, mutual funds, stocks and bonds, and some variations of insurance policies. They may...

If you reach age 70-1/2 with money in a traditional IRA, you will be required to take a minimum taxable distribution from your IRA regardless of whether you need the money. Since this money has...

With questions about the viability of social security being raised every day, planning for retirement by understanding a roth vs traditional IRA is important. Learn to compare the differences...

IRAs are retirement savings accounts that are maintained by individuals and function as tax-sheltered accounts. They were given tax advantages to encourage people to put aside money for...

Roth IRAs were introduced in 1997 as a new kind of retirement savings account. The Roth IRA offers investors the opportunity to withdraw money tax-free at retirement. Contributions are made with...

There are two types of 401k plans: Roth 401ks and traditional 401k plans. Both are offered through your employer.

There are several advantages of Roth IRAs versus Traditional IRAs. IRA rules, however, can be complicated. Before deciding on which IRA is appropriate, you should consult a qualified investment...

The federal government created tax-advantaged IRAs to encourage the public to save for retirement. Individual retirement accounts can be either managed or self-directed. In a managed account, you...

If you're ready to start saving for retirement but your employer doesn't offer a 401(k) or other retirement plan, you'll probably want to start an Individual Retirement Account (IRA). The federal...

Traditional IRAs are one of the types of retirement accounts created by the federal government. With a traditional IRA you may deduct contributions to the plan from your taxes. In addition,...

Your contribution to a traditional IRA and a Roth IRA is limited to your adjusted gross income or the annual contribution limit, whichever is less. For 2009, the contribution limit is $5,000 for...

Traditional individual retirement accounts were created by the federal government to encourage individuals to save for retirement. Because contributions to traditional IRAs are tax-deferred, they...

IRAs, or individual retirement accounts, were introduced to encourage Americans to save more money for retirement. IRAs are set up and contributed to by individuals with no involvement of an employer.

Individual Retirement Accounts (IRAs) were created by the federal government to encourage and assist people to save for retirement. The two main types are the Roth and the traditional IRA. In...

Cashing out a Traditional Individual Retirement Account or IRA requires following step-by-step instructions in order to receive funds from your Traditional IRA account. These guidelines are for...

One of the most important things you can do for yourself is to plan and save for your future. One of the best ways to do this is buy opening and funding an individual retirement account (IRA). The...

Traditional IRAs and Roth IRAs are retirement savings accounts that carry tax breaks as an encouragement for taxpayers to save money for their retirement.

Traditional IRAs and Roth IRAs give tax breaks for saving money for retirement. Money you contribute to a traditional IRA is tax-deductible now, but you'll pay income taxes when you withdraw...

Two types of individual retirement accounts are Roth IRAs and traditional IRAs. To contribute to an IRA, you must have made taxable income during the year.

IRAs are individual retirement accounts. These are designed to promote retirement savings among citizens because of the tax benefits associated with having an IRA. There are two types of IRAs:...

IRAs are individual retirement accounts that are completely controlled by investors rather than by an employer like a 401k plan. There are two types of IRAs: Roth IRAs and traditional IRAs. These...

The traditional individual retirement account (IRA) was first written into law in 1974 to give people an incentive to save for retirement. Most contributions to traditional IRAs are tax-deductible...

Traditional IRAs were first instituted in 1974 as part of the Employee Retirement Income Security Act as an attempt to persuade individuals to save for retirement by offering tax incentives....

When the Roth IRA was established by the Taxpayer Relief Act of 1997, those who had long-established traditional IRAs sought to take advantage of the Roth's tax-free growth. The problem was that...

A traditional IRA allows you to contribute money on a pre-tax basis. Earnings grow tax-deferred, and taxes are only taken out when you withdraw money. There are various rules as to how and when...

IRA stands for individual retirement account and is a tax-advantaged way to put money away for retirement. There are two types of IRAs: Roth IRAs and traditional IRAs. The contribution limit is...

Individuals preparing for retirement have a lot of investment options from which to choose. The government has the Social Security program, employers offer 401k plans and financial advisers have...

When you open a traditional or Roth IRA (individual retirement account), the government gives you a tax break to help you save for retirement. However, you must leave the money and investment...

Traditional IRAs offer a tax-advantaged way to save for retirement. Contributions to a Traditional IRA are tax-deductible, and the earnings on investments grow tax-free. There are very few...

An IRA is an account that is used for retirement savings. There are two types--traditional and Roth--and each has tax advantages. There are many reasons to save through an IRA and only a few...

Internal Revenue Service (IRS) rules govern several types of retirement accounts to help people save. The two main types of IRAs (Individual Retirement Accounts) are the Roth and the traditional....