Roth IRA

So, it’s time to retire and you’re trying to figure out what to do with your 401(k).Most folks will end up rolling their 401(k) funds into an IRA. Done properly, the transfer of funds from a 401(k) to an IRA is a nontaxable event. You only pay taxes when you begin withdrawing funds from the IRA. But there could be a couple of complicating factors.First, do you have any … [Read more...] about Dr. David Ashby: What to do with that 401(k)rollover? | Opinion

There is no real question that Social Security is one of the most appreciated programs run by the federal government. Recent polls have indicated that three-fourths of Americans across the political divide support continuing the payments as they are. Of those who have reached retirement age and begun to collect them, more than four out of five have claimed that the payments … [Read more...] about Planning to Retire? Here are 3 Ways to Supplement Social Security

8 Reasons a Roth IRA May Be Better Than Your Company 401(k) … [Read more...] about 8 Reasons a Roth IRA May Be Better Than Your Company 401(k)

Kendrick Keene finances Roth IRA, brokerage account selling polished rocks, geologic knowledge to tourists Kendrick Keene sells polished rocks July 19 in Silverton. The 11-year-old says he made $250 on his best day selling rocks last year. (Patrick Armijo/Durango Herald) … [Read more...] about 11-year-old on rocky road to success – The Journal

Formerly called the Retirement Savings Contributions Credit, the Saver's Credit gives a special tax break to low-to-moderate-income workers who are saving for retirement. Contributors to a traditional or Roth IRA, 403(b), 457 and 401(k) plans are eligible to claim the Saver's Credit, a tax credit worth up to $1,000 for individuals and $2,000 for married couples. Workers can … [Read more...] about Are You Eligible for The Saver’s Tax Credit? | Professionals’ Columns