IRA

An Individual Retirement Account (IRA) is an account into which a person can contribute up to a specific amount every year. The growth on IRA funds is typically tax deferred and, depending on personal circumstances, contributions may be tax deductible. Withdrawals from traditional IRAs are taxed at...

April is National Financial Literacy Month, which means it’s a good time to ask: do you consider yourself financially “literate?” It’s an important consideration for investors, because markets are constantly changing, and everyone’s financial plans can use a thorough...

Fintech startup Alto announced Wednesday it raised $2.8 million in a seed funding round to expand its offering and bring on more partners for its investment platform. The Nashville, Tennessee-based company’s platform is designed to help investors add investments such as startups, real...

We need to talk about retirement. And yes, we know it's the last thing you want to think about right now, but while you have time on your side, you could benefit from getting started now. Here's the truth: By the time Gen Y is set to retire, your nest egg will need to be anywhere from $1.8...

Gone are the days when pensions were a part of life. Today no one thinks twice about taking advantage of a new career opportunity. But too often, along with old condiments and clutter, we also leave behind our 401(k)s. Taking it with you typically involves rolling a former company plan’s...

Ball State University librarian Scott McFadden earned the respect of investors everywhere by sweeping a category in individual retirement accounts, or IRAs, during his first appearance on a recent episode of “Jeopardy.” McFadden went on to win the contest thanks to his knowledge about...

The United Kingdom held a national election on Thursday and the results were shocking. Prime Minister Theresa May called for a snap election earlier this year with expectations of boosting the Conservative's majority government but her party failed to secure the 326 seats needed to form another...

Regardless of how old you are, there's something you should be doing to prep for retirement. From basic planning strategies to hunkering down for the last lap, keep track of where you are on the journey. It starts much earlier than most people assume. Before 25 While advice for young adults...

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...

When retirees reach 70.5 years old, the IRS sends the bill on their tax-deferred 401(k) savings accounts. This week, the oldest baby boomers will be reaching said threshold, and thus, will be required to start withdrawing cash from their IRAs and 401(k)s. However, what’s interesting...

It’s hard to believe that it’s already December, but 2015 is quickly drawing to a close. Tax day for Americans is still more than four months away, but the financial decisions you make in the last remaining weeks of the year can make a big impact on the size of your 2016 tax bill. Here...

While accessing the funds in 401(k) accounts isn't impossible, it's highly advised against -- and for good reason. According to Forbes, tapping into that money should only occur if there's an "immediate and heavy financial need." In other words, it should be considered as a...

The April 15 tax deadline is fast approaching, motivating many investors to open or make their annual contribution to an Individual Retirement Account (IRA). Business data from Fidelity indicates 25 percent of people contributing to their IRAs make those contributions in April. Ken Hevert,...

"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...