Roth IRA

Investors may be cheering the stock market's performance over the last year and looking to take a profit from their growing portfolios.But, doing so could mean they owe Uncle Sam.The stock market has been on a tear — today's selloff notwithstanding — since slumping in March 2020 due to coronavirus concerns. On Monday, the S&P 500 doubled its level from the pandemic low, … [Read more...] about Stock trading could mean a hefty tax bill. What you need to know

You don't have to be wealthy to start investing — $100 is a perfectly fine amount to tuck away. We asked five financial planners how best to invest that $100 and they suggested Roth IRAs and more. Consider target-date funds, investing in new skills, or putting money into a health savings account. Read more … [Read more...] about 5 Financial Planners on How to Invest Your First $100

GCShutter | E+ | Getty ImagesThe entire cryptocurrency market climbed to more than $2 trillion over the weekend for the first time since mid-May.Bitcoin, one of the more popular digital offerings, also surged to more than $48,000, though it has already lost some of those gains.If you're like many investors, you may be wondering how you can get in on the action. That could … [Read more...] about Why experts say cryptocurrencies are not the best fit for IRAs

Editorial IndependenceWe want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money.IRAs exist for one reason: to shield you from taxes while you invest for retirement. There are four types of IRAs, which stands for … [Read more...] about What Is an Individual Retirement Account (IRA)?

What do you think you know about the Thrift Savings Plan? Do you think you are an expert? Well, there are common misconceptions about the TSP and we’ll look at the major ones in this article. There are three widely held misconceptions regarding the TSP. Perhaps the most widely held misconception about the TSP is that one will face a 10% early withdrawal penalty on anything they … [Read more...] about TSP: Common Misconceptions