Roth IRA

MARKETWATCH FRONT PAGE The mothership message board is less popular than ever among die-hard retail investors, and that could be great news for the future of retail investing. See full story.As mortgage rates jump above 3% for the first time since April, economists warn they’re likely to rise higher Homeowners who have yet to refinance may miss out on the opportunity to save … [Read more...] about WallStreetBets is dying, long live the WallStreetBets movement

I’m an unabashed champion of Roth accounts for most investors. While its advantages are well known, many don’t realize that Roth accounts can be used at almost any age and income level. From teenagers with a summer job to retirees and upper income earners, the Roth can be an important part of their financial picture. David GardnerFor the Camera We refer to “Roth accounts” as … [Read more...] about Five reasons Roth accounts shine

©Shutterstock.com / Shutterstock.comA Roth IRA is a qualified individual retirement account that allows you to grow investments tax-free. You contribute money you’ve already paid taxes on.That’s the reverse of a traditional IRA or 401(k), in which you don’t pay taxes on money you contribute but do owe income tax on any withdrawals. There’s also no required distribution from … [Read more...] about What Is a Roth IRA?

Add the Pine Tree State to the growing list of states offering program to provide coverage to those whose employers do not offer a plan.  Gov. Janet Mills (D) signed the Act To Promote Individual Retirement Savings through a Public-Private Partnership (LD 1622) into law June 24. The legislation, introduced by Sen. Eloise Vitelli (D-Sagadahoc), passed the Maine House of … [Read more...] about Maine Governor Signs State-Run IRA Plan into Law

stevecoleimages / Getty ImagesThe tax advantages of a Roth IRA are well documented, but they might not be as well known. Some ultra-wealthy individuals have amassed hundreds of millions — or even billions — of dollars in these tax-advantaged accounts, CNBC reports.See: Roth IRA Rules — What to Know for 2021Find: Should You Choose a Roth IRA or Traditional IRA — or Both?A Roth … [Read more...] about The Wealthy Actively Use This Roth IRA Strategy, and So Can You

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, 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.First of all, … [Read more...] about Roth IRAs could be more beneficial for young workers | Feature Columnist

I’m an unabashed champion of Roth accounts for most investors. While its advantages are well known, many don’t realize that Roth accounts can be used at almost any age and income level. From teenagers with a summer job to retirees and upper income earners, the Roth can be an important part of their financial picture. David GardnerFor the Camera We refer to “Roth accounts” as … [Read more...] about Five reasons Roth accounts shine – Longmont Times-Call

MARKETWATCH FRONT PAGE The mothership message board is less popular than ever among die-hard retail investors, and that could be great news for the future of retail investing. See full story.As mortgage rates jump above 3% for the first time since April, economists warn they’re likely to rise higher Homeowners who have yet to refinance may miss out on the opportunity to save … [Read more...] about WallStreetBets is dying, long live the WallStreetBets movement

In 2018 — after his then-planetary-record net worth had hit $131 billion, yet right before the pandemic that would make his Amazon the alpha and omega of online shopping for so many American families — Jeff Bezos admitted he had so much money the only thing he could think to do with it was to blast himself into space. He told a reporter that year: “The only way that I can see … [Read more...] about The real crisis for American democracy is our cowardly inability to tax the rich

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 Financial Focus: Is Roth IRA better for young workers? | Local News