Roth IRA

Retirement
Retirement Accounts
Roth IRA

Roth IRA Withdrawal Rules

The withdrawal rules for Roth individual retirement accounts (IRAs) are generally more flexible than those for traditional IRAs and 401(k)s. Still, you’ll want to do your homework before making any Roth IRA withdrawals. If you don’t meet certain requirements, you could end up owing taxes and a 10% early withdrawal penalty. Key Takeaways Withdrawal rules […]

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401k
401k Rollover
Roth IRA

401(k) to Roth IRA Conversion: Rules & Regulations

If you’re considering leaving a job, and you have a 401(k) plan, you need to stay on top of the various rollover options for your workplace retirement account. One of those options is rolling over a traditional 401(k) into a Roth IRA. This can be a very attractive option, especially if your future earnings will […]

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Retirement Accounts
Retirement Living
Retirement Planning
Roth IRA

Roth IRA Contributions With No Job?

The Internal Revenue Service (IRS) gets a little grumpy if you contribute to a Roth individual retirement account (Roth IRA) without what it calls earned income. That usually means you need a paying job—either working for someone else or for your own business—to make Roth IRA contributions. But what if you don’t have one—a job, […]

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401k
Retirement
Retirement Accounts
Roth IRA

Tax-Savvy Investment Strategies for Retirement Accounts

While most people receive Social Security, a secure financial retirement depends on also having significant savings in a retirement account. Typically these savings must last nearly 20 years (assuming the average age for retirement is 63, and the average life expectancy as of 2021 for someone who reaches that age is 12.1 more years for […]

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