An IRA is one of the most common retirement savings accounts on the market. But for many investors, who are accustomed to relying on an employer-sponsored 401(k) or a similar plan, choosing between IRAs can feel like a mystery, and the choice between a Roth IRA vs traditional IRA option can feel like a puzzle […]
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If you have children, you know how important it is to ensure they will be successful in the future. One of the most important factors for future success is to make sure your child gets a solid education at a good college or university. However, the costs of attending college are increasing steadily. Unless you […]
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This content is for informational purposes only and not intended to be investing advice. One of the ways you can fund your retirement plan is by using the Individual Retirement Account (IRA). You can establish an IRA as long as you earn income. Understanding what IRAs are and the different types will help you make […]
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Traditional IRAs and Roth IRAs are both great retirement vehicles, each with attractive perks. They allow you to save extra retirement savings apart from your employer-sponsored 401k. However, which plan should you choose over the other? In general, Roth IRAs and traditional IRAs differ based on their income limits and the timing of the tax […]
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What is a Roth Individual Retirement Account (IRA)? Tax-favored retirement savings are possible with a Roth IRA, which provides you with some enticing incentives to start saving for your golden years as soon as possible. An after-tax contribution to a Roth IRA allows you to invest in a variety of assets and collect the money […]
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COVID-19 has certainly set some retirement savers back. About 17% of Americans are saving less for retirement due to COVID’s impact on their finances, according to a survey by The Penny Hoarder, and one third of Americans also say they will retire later than initially planned because of COVID, according to a study from Age […]
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As Congress continues to debate details of the Build Back Better Act, there are a lot of potential legislative changes on the table, from education to the environment to healthcare. But for investors, some of the biggest changes lie in alterations to 401(k) and IRA rules—changes which House Democrats put back on the table as […]
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Are you self-employed or run a small business? If so, you’re probably looking for a way to save up some more money for your retirement or perhaps a way to get a tax break – and with so many different kinds of saving and retirement accounts out there, searching for the right one to invest […]
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If you’re not already invested in either a traditional individual retirement account (IRA) or a Roth IRA, you may be unclear on the difference between them. Both are investment accounts that allow you to save for your retirement. Both include the option of investing in stocks, bonds, and various other types of funds. Both allow […]
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