IRA vs 401k

Retirement Options

Roth IRA

Team Clark’s new streaming tv tool / The timeshare TRAP resets. – 104.5 WOKV

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Banish streaming price confusion – Our new interactive tool allows you to enter your favorite channels to uncover the best options for you. Load & delete channels and find your best price per month. ~Live TV Streaming Channel Tool – Clark Howard~ / Travelers, an important warning about timeshares. Clark explains why there's no intrinsic value. The industry expects a great … [Read more...] about Team Clark’s new streaming tv tool / The timeshare TRAP resets. – 104.5 WOKV

Beat Capital Gains Taxes With the Roth IRA

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If capital gains taxes are causing you anxiety, there's a way to shake off your worries. It's called the Roth IRA and it's the ultimate tax-saving vehicle for eligible investors.  Unlike a traditional IRA, the Roth IRA allows you to pay your tax bill up front in exchange for tax-free income later. On top of that, buying and selling stocks in your account before you retire won't … [Read more...] about Beat Capital Gains Taxes With the Roth IRA

The Downsides of Retirement That Nobody Talks About

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jacoblund / Getty Images/iStockphotoThe realities you face when you stop working might be a far cry from your retirement dream. Of course, retiring broke or not being able to retire at all are among the worst-case scenarios.Show Support: It's Not Too Late To Nominate Your Favorite Small Business To Be Featured on GOBankingRates -- Extended to June 5But there are plenty of other … [Read more...] about The Downsides of Retirement That Nobody Talks About

With Many Americans House Rich, Here Are the Best Ways to Tap Your Home for Cash – NBC New York

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Record amounts of home equity and rock-bottom rates are driving more homeowners to take money out of their houses. If you want to pull some cash out, here are your options. Many Americans are suddenly house rich. On paper, anyway. Soaring home prices have resulted in a record amount of home equity on hand. By the end of last year, roughly 46 million homeowners held a … [Read more...] about With Many Americans House Rich, Here Are the Best Ways to Tap Your Home for Cash – NBC New York

Home equity loan vs. cash-out refinance: pros and cons

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Many Americans are suddenly house rich. On paper, anyway.Soaring home prices have resulted in a record amount of home equity on hand. By the end of last year, roughly 46 million homeowners held a total $7.3 trillion in equity to tap, the largest amount ever recorded, according to Black Knight, a mortgage technology and research firm — the equivalent of roughly $158,000, on … [Read more...] about Home equity loan vs. cash-out refinance: pros and cons

Suze Orman, Warren Buffett and Other Money Experts Weigh In on How To Best Set Yourself Up for Retirement

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Chip Somodevilla / Getty ImagesThere's certainly no shortage of advice about how to invest for a successful retirement. However, sometimes it can be hard to know who to believe. If you don't have a trusted fiduciary financial advisor, the next best place to get advice is from those who have become multimillionaires themselves.Discover: See the Full List of Money's Most … [Read more...] about Suze Orman, Warren Buffett and Other Money Experts Weigh In on How To Best Set Yourself Up for Retirement

Buying Into These Retirement Myths Could Ruin Your Senior Years

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Diving into retirement without giving it any thought isn't the best idea. You should really spend years planning for retirement so you're able to go in ready. But in the course of your planning, you might come across some misinformation that could lead you to make very poor decisions. Here are a few myths with the potential to wreck your senior years. 1. You don't need money … [Read more...] about Buying Into These Retirement Myths Could Ruin Your Senior Years

Here’s how to pick the best retirement account

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Dear Liz: Can you explain the difference between a Roth IRA and a Roth 401(k)? What are the benefits of a Roth 401(k)? My company offers it and I am considering beginning to make deferral contributions there while continuing my 401(k) contributions.Answer: Contributions to Roth IRAs and Roth 401(k)s are after tax, which means you don’t get an upfront tax deduction as you do … [Read more...] about Here’s how to pick the best retirement account

Best Roth IRA Accounts of June 2021

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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.When researching the best way to save for your nonworking years, you likely have come across individual retirement accounts, also known as IRAs.There are a … [Read more...] about Best Roth IRA Accounts of June 2021