Ira
Showing 50 results of 275
Is Your IRA Protected in Bankruptcy?
Mar 26 2025
Can creditors take some or part of your IRA funds if you file for bankruptcy? Learn more about the federal protections that exist and to what extent they protect your IRAs....
kiplinger.com
IRA Rules at a Glance: Contribution Limits, Income Limits and Rollover Options
Mar 25 2025
Here are IRA contribution limits, income limits and rollover rules for Roth, traditional, SIMPLE and SEP IRAs at a glance....
kiplinger.com
Key IRA Rollover Mistakes You Must Avoid
Mar 24 2025
The rollover is the most frequent IRA transaction, but mistakes are common, leading to unnecessary taxes and penalties....
forbes.com
Kick the IRS to the Curb in Retirement
Mar 22 2025
That 401(k) or traditional IRA you've filled with your hard-earned money could turn into a tax bomb. Before it blows, see if a Roth could help rescue you....
kiplinger.com
IRA Conversion to Roth: Rules to Convert an IRA or 401(k) to a Roth IRA
Mar 20 2025
An IRA conversion can give you a leg-up in retirement with tax-free income. But proceed with caution....
kiplinger.com
Inherited IRA beneficiary options & withdrawal rules
Mar 20 2025
An inherited IRA is an account that is opened when someone inherits an IRA after the original owner dies. Discover the top rules for inherited IRAs....
empower.com
Where to find info on how to not blow my IRA
Mar 15 2025
I'm in my mid 60s and this is the first time that I have to make a decision about a 401k. My spouse used to be the one that handled all our financial interests, not much financials we were both poor a...
reddit.com
Four Roth IRA Pitfalls Your Adviser May Not Tell You About
Mar 12 2025
You may not be bound for Mordor, but Roth IRA pitfalls could upend your retirement if you're unaware of them....
kiplinger.com
This Underused IRA Option Offers Tax Benefits and Income Security
Mar 12 2025
Looking to avoid running out of money in retirement? Consider longevity protection provided by a QLAC as a component of your retirement income plan....
kiplinger.com
Should Your Kids Have A Roth IRA?
Mar 11 2025
If your child has earned income, they can contribute to a Roth IRA. Opening a Roth IRA for kids can significantly change their financial situation in retirement....
forbes.com
Your Roth IRA Could be Locked For 5 Years. Here's Why
Mar 11 2025
Roth IRAs are a great way to build tax-free retirement income—but the withdrawal rules can be tricky. In this video, I’ll break down the five-year rules, how contributions, conversions, an...
buzzsprout.com
Why are My IRA Returns Disappointing?
Mar 06 2025
A friend of mine was trying to figure out why his financial advisor was underperforming the market so badly. Over the past 5 years (November 15th, 2019, to November 15th, 2024), his portfolio was up j...
retirebeforedad.com
8 Things to Consider Before Rolling Over Your 401(k)
Feb 27 2025
When leaving an employer, conventional wisdom suggests that you also rollover your 401(k) plan to an IRA. Not always the best call, though. The post 8 Things to Consider Before Rolling Over Your 401(k...
financialducksinarow.com
Inbox Questions | IRA Income & Medicaid Eligibility: Will Too Much Disqualify You?
Feb 27 2025
Dan asks: If monthly income from an IRA exceeds $2,908 for a single person, would that result in disqualification for Medicaid? We break down the income limits, potential strategies to navigate Medica...
sites.libsyn.com
Is Your 403(b) And Roth IRA Retirement Investing Supporting Predatory Lenders?
Feb 26 2025
Most people never ask or research their retirement investing to see if it is supporting predatory lenders. Discover how index funds can often obscure this....
forbes.com
Using annual Ira withdrawal as a lump sum to pay down HELOC
Feb 24 2025
Hello, I have a HELOC of approximately 200,000. I am semi retired. I need to withdraw approximately 80 K per year to supplement my income. I am not collecting my pension or Social Security yet. once I...
reddit.com
Brokerage Acct. as Emergency Acct
Feb 21 2025
I (63, s, m)have multiple chk/savings, 401k/IRA and brokerage accounts. Done as a way to budget in addition to giving specific purpose to each account. One is a Robinhood account that I use as an emer...
reddit.com
Can a Gold IRA Counter Sticky Inflation for Retirement?
Feb 18 2025
Gold is soaring. Here's how to add a gold IRA or ETF to your portfolio in order to hedge against inflation and volatility. But retirees should tread carefully....
kiplinger.com
PensionBee, SS&C Technologies Launch Safe Harbor IRA
Feb 11 2025
PensionBee and SS&C say the partnership allows former employees to reconnect with their…...
401kspecialistmag.com
Alight Unveils Workplace Platform
Feb 11 2025
The platform will build on Alight's AI features as well as its new IRA product...
401kspecialistmag.com
Ordering Rules for Roth IRA Distributions
Feb 10 2025
Distributions from Roth IRAs must follow a specific set of ordering rules so that the taxation (or non-taxation) is correct. The post Ordering Rules for Roth IRA Distributions appeared first on Gettin...
financialducksinarow.com
Inbox Questions | Why Use Your IRA First for Long-Term Care Expenses?
Feb 06 2025
In this episode, we tackle Richard’s question about why it might make sense to use IRA (non-Roth) accounts first to pay for long-term care expenses. We’ll explain the reasoning behind this...
sites.libsyn.com
Ep 362: Mailbag – Diversification, 401(k) Rollovers, and More
Feb 04 2025
Today, we’re opening up the mailbag and answering some retirement questions we get from our listeners and clients. George says he has all of his retirement savings in one IRA. Should he move som...
mysmartretirement.flemingfinancialservices.com
How to take Income/withdrawls from my IRA.
Jan 29 2025
I have one Ira that was made from a 401(k) rollover when I retired. I am working part time to supplement my income. My question, is I have about 90% of the Ira in ETFs and 10% in the money market opti...
reddit.com
Converting portion of an IRA to a Roth IRA
Jan 22 2025
I'm 67, retired, good income from various sources. I have a pretty significant IRA I haven't touched. Really don't anticipate tapping into it for several more years, possibly only when required minimu...
reddit.com
Opportunities and Challenges When You Inherit an IRA
Jan 22 2025
New SECURE 2.0 Act rules have kicked in to reshape distribution and taxes for inherited IRAs and retirement plans. Read on for strategies to help beneficiaries....
kiplinger.com
The 7 Advantages of a Solo 401(k) Over a SEP IRA
Jan 21 2025
When it comes to retirement plans for self-employed physicians or those with side gigs, two popular options are the SEP-IRA ... Read more...
physicianonfire.com
Year-End IRA Tax Moves for 2024 at Any Age
Jan 21 2025
Optimize your IRA and 401(k) strategies with these key tax-saving tips for year-end planning....
money.usnews.com
Converting Retirement Savings to a Roth IRA? Don't Do This
Jan 17 2025
You might want to convert all of your savings to a Roth in one go, but you could end up paying hundreds of thousands more in taxes than you have to....
kiplinger.com
How To Manage Inherited IRA Rules That Can Surprise And Trap Heirs
Jan 17 2025
There’s a host of under-the-radar rules beneficiaries need to know to minimize taxes and penalties and maximize the benefits of inherited IRAs....
forbes.com
State Auto-IRA Savings Could Affect Medicaid Eligibility
Jan 13 2025
Low-income retired couples with less than $3,000 in assets can get Medicaid to supplement their Medicare insurance or pay for a nursing home. This asset cap, set by state governments, mainly applies t...
crr.bc.edu
10 Reasons to Leave Your Heirs a Roth IRA
Jan 09 2025
Including a Roth IRA in your estate plan has clear tax advantages, which can be passed along to your heirs for years to come. But if passed down incorrectly, your heirs won’t reap the full benef...
kiplinger.com
Why You Could Make More In Retirement Than While Working
Jan 06 2025
One of the biggest reasons I was against contributing to a Roth IRA is my belief that most people won’t make more money in retirement than while working. As a result, they’re unlikely to p...
financialsamurai.com
Inherited an IRA? Avoid These Common Mistakes That Can Cost You
Jan 05 2025
Don't get hit with a big tax bill thanks to an inherited IRA. Learn the rules and save....
kiplinger.com
Don’t Need Your 529? Turn It Into A Roth IRA
Dec 31 2024
If you set up a 529 education plan for your children or grandchildren that is no longer needed for education expenses, there is a new game in town....
forbes.com
How to Grow Your IRA in Retirement Rather Than Spend It Down
Dec 30 2024
You really can defer RMDs and lower taxes while at the same time increasing the long-term growth of your IRA. Here's how....
kiplinger.com
Year-End Tax Strategy: A Child IRA Can Help Reduce Your Tax Liability
Dec 30 2024
If you own a business and have young children, here’s a tip with the potential to transfer wealth to the next generation tax-free....
forbes.com
Key 2025 IRS Updates: What You Need to Know
Dec 27 2024
From IRA contributions to Social Security COLAs and the standard deduction, several changes are headed our way. Get ready to make the most of them....
kiplinger.com
Retirement - Social Security and IRA management?
Dec 24 2024
My brother and I are working to develop a retirement plan. Our working class parents never really saved for retirement (my mom worked until my dad died), so our expertise in this area is fairly low. N...
reddit.com
Last-Minute Gift (For A Lifetime) Idea: A Child IRA For Your Kids Or Grandkids
Dec 20 2024
Toys come and go, but opening a Child IRA allows you to give the gift of a lifetime. Here’s what you need to do....
forbes.com
Inbox Questions | When Should You Use An LLC?
Dec 20 2024
We answer a question from a 44-year-old Pittsburgh bus driver earning over six figures annually who maxes out a Roth IRA, contributes 10.5% to a 457 plan, and is covered by a pension. He owns five ren...
sites.libsyn.com
IRA Tragedies: 4 Cases Show The Pain Caused By Overlooking Simple Details
Dec 14 2024
Many people are surprised and shocked when they learn what happens when retirement account owners neglect simple details about the tax code and their accounts....
forbes.com
Have an Inherited IRA? Here is Your Guide to Strategizing Required Withdrawals from Your Account
Dec 13 2024
Learn about distribution rules for inherited IRAs and learn how to strategize your distributions for your financial goals. The post Have an Inherited IRA? Here is Your Guide to Strategizing Required W...
boldin.com
Transferring funds from IRA to Roth after retirement?
Dec 13 2024
I'm 67, and will have to start taking out RMDs from my IRA account at 73. This will give me a big tax hit at that time and subsequently. I was thinking I could pull out $50K/year from the IRA for the ...
reddit.com
How Combining Your Home Equity and IRA Can Supercharge Your Retirement
Dec 10 2024
While many retirees own an IRA and a home, very few are considering how they could work together in a plan for retirement income....
kiplinger.com
Pennies and the Backdoor Roth IRA
Dec 10 2024
What do you do with the pennies your money earns between the contribution and conversion to a Backdoor Roth IRA? Not much. The post Pennies and the Backdoor Roth IRA appeared first on The White Coat I...
whitecoatinvestor.com
IRA vs. 401(k): Should You Pick One — or Both?
Dec 06 2024
An IRA or 401(k) can help you supercharge your retirement savings. We'll help you pick one or opt for both....
kiplinger.com
What is your IRA spend plan in your retirement years?
Dec 03 2024
Should I try to keep my IRA spend down such that my year-end value stays the same every year, goes up with inflation, or draws down to leave just a small amount at the end of my life expectancy. I und...
reddit.com
Don't Leave Your Heirs an IRA Tax Bomb
Dec 01 2024
Your traditional IRA has served you well, but when your heirs inherit it, watch out. Consider some of these strategies to minimize their tax burdens....
kiplinger.com
Mega Backdoor Roth IRA: Supercharging Your Retirement Savings
Nov 26 2024
Ever since I started saving for retirement in 1999, I’ve been a proponent of tax-deferred retirement vehicles like the 401(k) and skeptical of tax-now vehicles like the Roth IRA. Working in bank...
financialsamurai.com
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About Ira
An Individual Retirement Account (IRA) is a type of investment account that allows you to save for retirement in a tax-advantaged way. There are several different types of IRAs, including Traditional IRAs, Roth IRAs, and SEP IRAs (Simplified Employee Pension).
Traditional IRAs are funded with tax-deductible contributions, which means that you can deduct the amount of money you contribute to your IRA on your tax return. The money in your Traditional IRA grows tax-free until you withdraw it in retirement, at which point you will pay taxes on the withdrawals.
Roth IRAs are funded with after-tax contributions, which means that you do not receive a tax deduction for the money you contribute. However, the money in your Roth IRA grows tax-free and can be withdrawn tax-free in retirement as long as you meet certain conditions.
SEP IRAs are designed for self-employed individuals or small business owners. They allow you to contribute a percentage of your income to a retirement account on a tax-deferred basis.
There are annual contribution limits for IRAs, and there may be income limits that determine whether you are eligible to contribute to a Traditional IRA or a Roth IRA. It is important to consult with a financial advisor or tax professional to determine which type of IRA is right for you and how much you are able to contribute.