A 42-year-old Redditor is trying to decide whether to redirect some 401(k) contributions to a Roth IRA. The poster isn’t sure if making the switch will benefit him since he has been investing in his ...
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Should I Switch to Roth Contributions With $1M in My IRA at Age 60?
Should you switch from pre-tax IRA contributions to Roth contributions? Imagine that you’re steadily contributing to a ...
Every week, Allworth Financial’s Steve Hruby, CFP®, and Bob Sponseller, ChFC®, answer your questions. If you, a friend, or someone in your family has a money issue or problem, feel free to send those ...
Once you turn 59 1/2, you can withdraw from a Roth IRA without penalty. There are benefits to leaving that money untouched for longer. Figure out if there's another way for you to get the income you ...
If you want the flexibility to be able to tap into your retirement savings if needed, the Roth IRA is your best bet. You can ...
It might seem counter intuitive to decide to pay MORE taxes now, rather than defer them, but in some cases, that can be a ...
Dear Quentin, My wife and I are in our early 40s. She has a Roth with $85,000; I have no retirement savings. We’re a few months away from paying away all high-interest debt, and when that happens, ...
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. The stock market has been volatile in recent weeks as ...
Roth IRAs have been around for more than 20 years, and many people may have forgotten or never learned about how valuable they can be. Even small contributions over time can translate into a ...
Roth IRAs can give you tax super powers, but they’re still drastically underutilized: Collectively, they hold about one-tenth of the funds invested in traditional IRAs. Here are four reasons why you ...
If you have just inherited a Roth IRA from your parent, spouse, or non-spouse, here are the rules for taxes and beneficiaries ...
Figure out if there's another way for you to get the income you need before taking Roth IRA withdrawals. It's not an easy thing to build up a nice balance in a Roth IRA. Doing so takes time and, in ...
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