Roth IRA

Most Americans retire when they reach their mid-sixties. For those who have saved during their lifetimes through regular 401(k) and Roth IRA contributions, they may have already saved a comfortable nest egg; for them, Social Security can act as a useful way to pad their budget.  Unfortunately, for many retiring Americans, Social Security is their budget. A survey conducted by … [Read more...] about Before Claiming Social Security, Three Things to Know

An old episode of The Simpsons once depicted all of Springfield celebrating New Year’s Eve with one notable exception: the comically straitlaced Ned Flanders, who spent the evening preparing his tax return just to be financially pru-diddly-udent.Nobody really wants to be Flanders, but in a city of fools, he was a wise man.Thinking ahead about your taxes and how you’ll spend … [Read more...] about Can you put your tax refund into a Roth IRA? | Business

Millions of seniors today get a large chunk of their retirement income from Social Security. And your plan may be to do the same once your time in the workforce comes to an end. © Provided by The Motley Fool We Need to Talk About Social Security: It's Not Drying Up Any Time Soon But will that be possible? You've probably heard the rumors that Social Security is … [Read more...] about It’s Not Drying Up Any Time Soon

GRAND RAPIDS, Mich. (WOTV)- As you’re saving for retirement, you may need to convert your traditional retirement account into a Roth IRA, but what’s the best time? Is it best to convert during a specific time of year? Should you connect with an advisor first or open the account? If you have any lingering questions, tune into Jennifer Feuerstein’s interview with Financial … [Read more...] about Three ‘rules of thumb’ for converting retirement funds into a Roth IRA

If you’re in the early stages of your career, you’re probably not thinking much about retirement. Nonetheless, it’s never too soon to start preparing for it, as time may be your most valuable asset. So, you may want to consider retirement savings vehicles, one of which is an IRA. Depending on your income, you might have the choice between a traditional IRA and a Roth IRA. Which … [Read more...] about Neal Logan: Is Roth IRA better for young workers? | Local News