43 results for "retirement"

retirement

HSAs for Retirement

Right now your retirement planning is likely focused on how much you can save for that distant goal. Makes sense. But how much thought have you put into what you’re going to pay in taxes when you retire and start making withdrawals from your traditional 401(k), or individual retirement account (IRA)? Every dollar you pull...

retirement

When is a Roth IRA Taxed?

When is a Roth IRA Taxed? You might have heard of Roth IRA distributions as being “tax-free income” upon retirement.  And technically that’s true.  Once you reach the age of 59 ½ you can start withdrawing your contributions and the money those contributions have earned, without paying a penalty or income tax on the money...

retirement

IRA Rollover to 401(k)

In fact, the administrative fees for a 401k could actually be cheaper than a traditional IRA and if you plan to work well into your 70’s, keeping your money in a 401k will allow you to delay the required minimum distributions until you retire. Why to Do It Rolling retirement savings from a traditional IRA...

retirement

The Top Four Benefits of a Roth IRA

Roth IRAs are retirement accounts to which you can contribute after-tax income as long as you make under a certain amount per year.  Since your contributions to Roth IRAs are after-tax, they’re treated differently than contributions made to other types of retirement accounts and come with all kinds of benefits. Benefit #1: Tax-free Income With...

retirement

How Does a Roth IRA Work?

There are a lot of investment vehicles out there and the sheer number of acronyms can leave you feeling lost in an alphabet soup.  In this post, we’re going to break down the Roth IRA—what it is, how it works and who it’s good for. What is a Roth IRA? A Roth IRA is a...

retirement

Simple Ways to Get the Most Out of your 401(k)

A 401(k) can be the most powerful way to save for retirement. Employers that offer a 401(k) offer lots of automated features that can make it easy to get going, but there are key steps you can take that will wring the most value out of a 401(k). A 401(k) is the tax-advantaged account where...