Investing
4 Things Millennials Should Know About Roth IRAs
…the money. There are two main types of IRAs: Traditional IRAs Roth IRAs While both traditional and Roth IRAs offer unique advantages and tax benefits, if you’re a millennial, it…
Search Results for: roth ira
Taxes
Rethinking the Roth IRA
…you withdraw account earnings, if you convert a traditional IRA to a Roth IRA or if a beneficiary inherits a Roth IRA. Failure to comply with the five-year rule may…
Estate Planning & Trusts, Financial Planning
The Benefits of Gifting Roth IRAs
…gifting a Roth IRA can be a meaningful way to start your loved ones on a path toward financial security. As a reminder, a Roth IRA is a type of…
Taxes
Explainer Video: Backdoor Roth IRA Strategy
…from the traditional IRA over to the Roth IRA, moving the funds into the Roth IRA via this backdoor channel, hence the name of the strategy. The reason that you’re…
Financial Planning
How to Roll Over Your TSP Tax-Exempt Funds Into a Roth IRA
…back-door Roth contributions to a Roth IRA, the employer plan is the preferred location for pre-tax TSP dollars. After seven days, log in to TSP and initiate a direct Roth…
Financial Planning, Investing
Is a Roth IRA Better Than a Traditional IRA?
…situation and goals for the future. The Basics As a refresher, let’s review the differences between traditional and Roth IRAs. Traditional IRARoth IRA Tax-advantaged growth Tax-deferred growth – no federal…
Financial Planning
6 Common Questions About IRAs Answered
…retirement. Traditional IRAs are also a smart choice for individuals who aren’t eligible to participate in an employer-sponsored retirement plan. Roth IRA In contrast to traditional IRAs, contributions to Roth…
Financial Planning
5 Ways Around Roth Contribution Limits
…the limit for direct Roth IRA contributions, a “backdoor” Roth IRA strategy can be an effective option. This strategy involves establishing a traditional IRA alongside your Roth IRA. You can…
Taxes
Retirement and Uncle Sam – It’s not about what you make but what you keep!
…retirement accounts: the Roth? The Roth – Tax Savings in Retirement A Roth IRA is an individual retirement plan that bears many similarities to a traditional IRA. The biggest distinction…
Financial Planning
Explainer Video: The Benefits of Roth Conversions
…account owner’s life. Also, once the assets are in a Roth IRA, you no longer are required to take distributions from assets in a Roth IRA, unlike a pre-tax IRA,…
