Ira
Showing 50 results of 294
I’m finally fixing my IRA asset allocation
Nov 18 2023
I’m retiring in 2 years, and I’m a little upset with myself right now. I had a free consultation with Personal Capital about 5 years ago, which was great. They urged me to increase my stoc...
reddit.com
Why a Roth IRA Is a Bad Idea (Yes, You Can Lose Money)
Nov 17 2023
Have you ever been swept up in the wave of unanimous praise for something, only to later discover that nearly ... Read more...
physicianonfire.com
Can High Earners Fund a Roth IRA Without Paying More Tax? - 455
Nov 14 2023
Steve & Sharon in Minnesota are high earners - can they get more money into their Roth IRA without paying more tax? Should Fred in western New York do Roth conversions before required minimum dist...
purefinancial.com
Roth 403b vs Roth IRA
Nov 07 2023
As of areport in 2021, nearly 6 in 10 U.S. hospitals are nonprofit. If you’re one of the many workers ... Read more...
physicianonfire.com
IRS increases 401(k) and IRA limits
Nov 07 2023
The service issued its annual adjustments for retirement plans, with some reflecting changes in the SECURE 2.0 Act....
financial-planning.com
5 Steps To Become A Roth IRA Millionaire
Nov 07 2023
Take these 5 simple steps to become a Roth IRA millionaire. Given enough time anyone can become a ROTH IRA Millionaire....
forbes.com
IRS Bumps 2024 401(k) Contribution Limit to $23,000
Nov 02 2023
IRA limit also gets $500 boost while catch-up contribution limit remains the same...
401kspecialistmag.com
Question for the market-watchers: Would it make sense to sell shares of this mutual fund in my IRA?
Nov 01 2023
I have a non-Roth Fidelity IRA which I started in 2005 that is comprised of 6 mutual funds. One of those, a now-closed fund managed by Baron Partners, has had tremendous growth over the years - as of ...
reddit.com
SEP IRA vs Simple IRA: Which Retirement Plan Is Right for You?
Oct 28 2023
SEP IRA and SIMPLE IRA are two popular employer-sponsored retirement plans for small business owners and self-employed individuals. Both of ... Read more...
physicianonfire.com
Is It Ever a Good Idea to Over-Fund a Roth IRA?
Oct 26 2023
Today, we talk about if it is reasonable to use 457(b) money to help fund your child's college education, how to do a 401(k) rollover and then how to rebalance it, if it makes sense to do Roth contrib...
whitecoatinvestor.com
The Mega Backdoor Roth IRA: A Comprehensive Guide (2023)
Oct 21 2023
Physicians often have high incomes, which can make them ineligible to contribute to Roth IRAs directly. Luckily, there is another ... Read more...
physicianonfire.com
Can I roll over an old 401K into an self-managed IRA without paying taxes at time of this late roll-over?
Oct 06 2023
I have a decent 401K from a job I left 6 years ago. I left the money there because it was doing really well. Well, now it's not. It lost money as market took a nose-dive last year. It still isn't doin...
reddit.com
Euro-denominated investments in a US 401K or Sep-IRA
Oct 05 2023
Forum, I am a US citizen, preparing to retire full-time to Europe. One of my concerns is exposure to currency exchange (US to Euro). Does anyone know if it possible to hold Euro denominated investment...
reddit.com
401k with catch up and additional (Roth) IRA?
Oct 04 2023
Hello-I’m over 50 so I am allowed to add an additional $7500 a year to the $22500 a year maximum 401k contribution. I am deducting the max 30k a year from my paycheck. Can I also open a Roth IRA...
reddit.com
New Jersey Selects Vestwell to Administer Latest State Auto-IRA
Oct 01 2023
The 401(k) recordkeeper will serve as program administrator to New Jersey's Secure Choice…...
401kspecialistmag.com
Newbie Retiree: Cost Basis Missing for Regular IRA Account What Documentation Needed for Rolling Over to Roth IRA?
Mar 16 2023
Retired unexpectedly early due to COVID in 2021. Have 3 IRA accounts: (1) Roth IRA; (2) Regular IRA; (3) SEP-IRA. Unfortunately, I have very hazy cost-basis info. First, Roth IRA gains are considered ...
reddit.com
Funding a spousal Roth IRA for a married retired man
Mar 16 2023
Hello everyone. My father is set to retire at age 75. The issue is he has a TIAA retirement account which is like a 401k but not quit. It's a retirement account from a university. It seems to be somet...
reddit.com
Pension & Roth IRA?
Mar 15 2023
Wondering if anyone has a pension & a Roth IRA account. Is it worth it? Is it too much? My company offers a pension that they pay in to, no cost to me. Our package is currently $70/month/year of s...
reddit.com
Can you contribute jan 1st to a roth ira if you haven't made the 6,500 yet but expect to for the year 2023?
Mar 15 2023
I'm in CA here if that makes a difference. submitted by /u/Sorakairi89[visit reddit] [comments]...
reddit.com
Should You Separate Your Rollovers From Your Contributory IRAs?
Mar 14 2023
Photo credit: jb For the most part, it is recommended to merge all of your IRA money together into a single account, to simplify record-keeping, allocation, and paperwork in general. However, there ma...
financialducksinarow.com
401a rollover to IRA
Mar 14 2023
My wife has a 401a from the company she retired from and wants to roll it into an IRA at Fidelity. The employer is telling her the distribution check will be made out to Fidelity FBO her, but is also ...
reddit.com
Gold ETF in IRA
Mar 14 2023
Hello ladies and gents, Whats everyone's opinion on having a Gold ETF in your IRA acct. The Google machine gives a lot of mixed feedback and I'm struggling to make an informed decision. I am early 30s...
reddit.com
What should I chose? Im just starting my roth IRA today and am planning on putting in $100 per month what should I invest in?
Mar 13 2023
submitted by /u/MyNameNickk[visit reddit] [comments]...
reddit.com
Need advice on ira portfolio diversification
Mar 13 2023
New to investing and recently opened a roth ira. Im wondering if this would be a good portfolio: 55% FXAIX 30% FTEC 10% FSGGX 5% FXNAX I'm 21 so I don't mind being aggressive, but wanted to know if th...
reddit.com
I have my own Roth IRA and my companies Roth 401k, how should I contribute?
Mar 13 2023
I’m just coming up on year one at my newish job. Decent pay (70k but a raise is in the works in the next two months that is negotiable). I’m currently 30M. Currently have about 15k in Roth...
reddit.com
Is Roth IRA enough
Mar 11 2023
I'm 33 years old and just recently started saving for retirement. Maxed out my Roth IRA last year( put it all into VOO on vanguard) and will max it out again this year, but I have no 401k at my job an...
reddit.com
DIY investing of IRA during retirement Who to use as a holding institution for funds
Mar 08 2023
After doing research on the difference in returns of ESG funds/ETFs looking to DIY asset allocation. Previously using Vanguard to hold $$$$s but they are being pushed further and further into ESG. I j...
reddit.com
Backdoor Roth IRA 2023 A Step by Step Guide with Fidelity
Mar 07 2023
In 2023, I made my eleventh pair of “backdoor Roth” IRA contributions. It’s a great way for high-income professionals to ... Read more...
physicianonfire.com
More reasons to keep on rolling (to an IRA, that is)
Mar 06 2023
Photo credit: jb We have discussed in the past that it is usually better to rollover an old 401(k) plan from a former employer to an IRA – more flexibility in investments, (usually) lower costs,...
financialducksinarow.com
I Dont want my dad to invest his IRA into Gold. Am I wrong?
Mar 06 2023
I've been super worried about my dad's plan to invest his IRA in gold, like pretty concerned about it. I understand that gold is seen as a safe investment, but I'm worried about the risks and I know H...
reddit.com
I need to decrease my taxable income or else I need to payback my Health Insurance Premium Tax Credit. How can I turn my Roth IRA to a traditional IRA for 2022?
Mar 06 2023
I funded my Roth IRA for 2022 back in January 2022. Can I take that money out? And then add it to my traditional IRA? How does Vanguard know that I'm taking the money out for 2022 so that I can put th...
reddit.com
IRA Rollovers, IRA Transfers, and 15 Other IRA Basics | Sensible Money
Mar 03 2023
This article covers rules around IRAs, contribution limits, IRA rollovers, and transfers....
sensiblemoney.com
IRA vs. 401(k): Which One Is Better? | Bankrate
Mar 01 2023
Is an IRA or 401(k) a better investment choice for you? Consider these factors to help you decide....
bankrate.com
Backdoor Roth IRA 2023: A Step by Step Guide with Vanguard - Physician on FIRE
Mar 01 2023
A step by step guide that shows you how to successfully complete a Backdoor Roth IRA contribution via Vanguard in 2023 (for a mutual fund or brokerage IRA)....
physicianonfire.com
IRA question
Mar 01 2023
I previously changed employers. I was paying into a 403b and I want to know the best avenue of getting that money. Should I do a cash out? Should I do a rollover into a specific IRA? I paid into it fo...
reddit.com
One time IRA-to-HSA Rollover Question
Mar 01 2023
What is the advantage of using the One time IRA-to-HSA Rollover vs a withdrawal from your IRA (taxable event) and then contributing the same amount (reducing taxes) into your HSA? The income from the ...
reddit.com
Clarifying RMDs For An Inherited IRA
Feb 28 2023
Due to new laws and IRS waivers, taking required minimum distributions from an inherited IRA can bring a lot of questions....
forbes.com
Using Widow’s Benefit for IRA Contribution?
Feb 24 2023
Hi, I was wondering if you’re allowed to use social security survivor’s benefit / widow’s benefit payments to contribute to a personal IRA. My mom is 61 and is receiving benefits fro...
reddit.com
Roth IRA income ceiling exceeded - looking for other tax advantaged options.
Feb 24 2023
This year was the first year where we exceeded the income ceiling for being able to contribute to a Roth IRA. Of course, I didn't know that that would be the case until well after I'd already made my ...
reddit.com
SSDI and rolling over to IRA and financial advisors. Fiduciary and/or RIA?
Feb 23 2023
Hello. I am retiring soon. I am receiving SSDI. I have a 401a and I also have a regular pension which I have the option to take payments or take a lump sum. I am going to take the lump sum, combine it...
community.aarp.org
New to a Simple IRA
Feb 21 2023
My husband’s employer offers a 3% match to a Simple IRA. When he turned in the form, they told him that he needs to set up an account on his own and they just make the contributions directly to ...
reddit.com
How do you get rid of IRA contribution anxiety?
Feb 20 2023
submitted by /u/rar2929[visit reddit] [comments]...
reddit.com
One advantage to having a brokerage account vs. 401k/IRA/etc.
Feb 17 2023
I've recently started looking at a bit of estate planning as I am aging. I am still a number of years from retirement, but my health isn't perfect and given my family history, I probably won't be arou...
reddit.com
Can a reverse rollover from an IRA to a 401k reset your contribution limit for the year?
Feb 15 2023
If someone where to invest the max IRA contribution limit of $6,500, then turn around and roll that over into an employer 401k, would that then reset your IRA contributions for the year? Allowing you ...
reddit.com
One 1099-R for Two Rollovers in TurboTax and H&R Block
Feb 13 2023
When you do a direct rollover from the pre-tax account in a workplace retirement plan to a Traditional IRA, you’ll get a 1099-R form after the end of the year that shows the rollover isn’t...
thefinancebuff.com
Robinhood Roth IRA vs Acorns
Feb 12 2023
I want to clarify that the Robinhood Roth IRA is the better option when compared to the Acorns Roth IRA. From what I understand, Robinhood offers 1% matching and no monthly fee. Acorns does not match,...
reddit.com
What to do with my cash when I actually retire
Feb 10 2023
I’m 58. I retire with a $60k/yr pension for life in August. I have $250k in my IRA. I have $400k in a 457b. I will have roughly $650k in an account that can be either rolled to my IRA or taken a...
reddit.com
Question on over-contributing…
Feb 09 2023
Hello!! Sorry, I’m new to this but I currently have a simple IRA from my employer, and a ROTH IRA that I max out every year. I understand that traditional and Roth IRA contributions are not to e...
reddit.com
The 4% Rule
Feb 09 2023
I see a number of people working very hard and saving in a 401(k) or IRA (or Roth IRA). Are you aware of the 4% rule? Have you spoken to your advisor about it? Google ‘The Trinity Study’ a...
reddit.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.