Roth IRA

As TSP participants, we are allowed to roll money over into the TSP from qualified plans and qualifying IRAs both while employed and after separation. We are also allowed to roll money out of the TSP to a qualified plan or a qualifying IRA. This article will be about the ins and outs of rolling money into the Thrift Savings Plan, while a subsequent article will be about rolling … [Read more...] about Rollover Into the TSP from an IRA

Law360 (August 2, 2021, 5:03 PM EDT) -- In Mazzei v. Commissioner of Internal Revenue, the U.S. Court of Appeals for the Ninth Circuit joined the U.S. Court of Appeals for the First Circuit, U.S. Court of Appeals for the Second Circuit and U.S. Court of Appeals for the Sixth Circuit in rejecting the substance-over-form doctrine for transactions involving a Roth IRA and a … [Read more...] about 9th Circ. Adds Pressure To Reject Substance Over Form

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners.Managing your finances as a college student is often easier said than done. You may find yourself trying to balance the various expenses of attending school … [Read more...] about Money Apps For College Students

self-employed-401k-iraGetty Images If you're self-employed and looking to turbocharge your retirement savings, you may have more options than you realize.While employer-based retirement accounts have maximum annual contribution limits of $19,500 this year, several types of self-employed retirement plans allow investors to save more than $50,000 a year—enough to make your … [Read more...] about What Self-Employed People Need to Know About SEP IRAs and Solo 401ks

Adjusting your plan Once you have a better estimate of your remaining years, you can tweak your money plan for a longer life. 1. Start saving to go the distance. Use one or more retirement-income calculators to estimate if you're on track, based on factors such as your new longevity expectations, how much you've saved so far, your expected Social Security benefit and other … [Read more...] about 5 Tips to Make Your Money Last a Lifetime