Roth IRA

The Roth IRA is the greatest investment account of all time. It’s so powerful that the government caps how much you can put in each year. And yet, 90% of people don’t have one. Here’s what you need to know about Roth IRAs and how to open one: Roth IRAs are individual...

A Roth IRA is one of the most powerful accounts you can own, as it offers tax-free growth and tax-free withdrawals in retirement. You can only contribute $6,500 into your Roth for 2023 ($7,500 if you are 50+ years old) and if you are a high-income earner, chances are you make too much money to...

As you look to transition from active investing and into harvesting retirement income, there are numerous changes in retirement planning that you should be aware of. The ever-changing landscape can be overwhelming, with headlines capturing attention but often failing to provide a clear...

Most parents and grandparents I talk to have a desire to provide for the next generation. Many immediately ask about a 529 plan, but there are several other common account types that can be used to save for children and grandchildren. Some of these account types are often overlooked as a flexible...

No one likes to talk about retirement. It’s boring, and won’t matter for decades, right? At least that’s what most people think. And that’s why most people don’t have enough money to retire. But what if I told you there was a simple way to retire a millionaire? What if...

Robinhood Markets Inc (NASDAQ: HOOD), the trading app that helped revolutionize and democratize finance, introduced a new product Tuesday. Here's what you need to know.  What Happened: Robinhood traders can now join the queue for Robinhood Retirement, which will allow customers to...

Palantir Technologies Inc (NYSE: PLTR) and Paypal Holdings Inc (NASDAQ: PYPL) co-founder Peter Thiel could reportedly be forced to withdraw billions from his Roth IRA account should the House pass a piece of tax legislation that has cleared a key Committee. What Happened: Thiel could be forced to...

Securing enough for retirement is a huge concern, particularly as financial rhetoric intensifies as the days to November 8 dwindle into the single digits. While the candidates' jargon has broadly steered clear of retirement and the political atmosphere has laid heavy with non-platform-related...

Retirement may still be a handful of decades away, but thinking long term — over 40 years ahead — can pay off in almost incomprehensible ways. The choices you make while you're still young will have a huge impact on your future. For example, by investing an annual $2,000 for seven...

Regardless of where you are in the personal retirement budgeting journey, one thing remains constant: You have an incalculable amount of control over how your retirement years play out. Whether you are looking to spend the years after your 65th birthday in "traditional" retirement...

"Roth Hopping," a relatively new and rarely employed strategy, is one that can be of great value to investors with both a Roth IRA and taxable account and who purchase individual stocks. Roth Hopping attempts to maximize the value of funds within Roth IRAs, while minimizing the taxes...

Legacy and estate planning with a Roth IRA may sound like a no-brainer. Roth IRAs intrinsically make phenomenal transfer of wealth vehicles. With reduced estate taxes and no income tax for heirs to pay on withdrawals, establishing a Roth IRA or even converting to one from a Traditional IRA seems...