Should you contribute to a Roth IRA, Traditional IRA or a 401(k)? In this video, I’ll share everything you need to know about a Roth IRA, Traditional IRA & a 401(k), to help you decide which contribution to make. About Alvin Carlos, CFA, CFP® Alvin … [Read more...] about Blog: Roth IRA vs Traditional IRA vs 401(k)
Roth IRA
4 Tax-Deductible Investments for Your Portfolio
Prostock-studio / Shutterstock.comEditor's Note: This story originally appeared on SmartAsset.com.Including tax-deductible investments in your portfolio can increase your returns since you are shielding a portion of your portfolio’s returns from income tax. If you choose the right tax-deductible investments, you can fund education expenses and medical expenses along with your … [Read more...] about 4 Tax-Deductible Investments for Your Portfolio
Campaign to Rein in Mega IRA Tax Shelters Gains Steam in Congress Following ProPublica Report — ProPublica
Two members of Congress who have long been responsible for shaping federal laws on retirement savings are considering major reforms after ProPublica exposed how the ultrawealthy are turning retirement accounts into gargantuan tax shelters. Rep. Richard Neal, the Massachusetts Democrat who chairs the powerful House Ways and Means Committee, … [Read more...] about Campaign to Rein in Mega IRA Tax Shelters Gains Steam in Congress Following ProPublica Report — ProPublica
This Is a Really Bad Reason to Open a Roth IRA | Personal Finance
Image source: Getty Images.But while there are plenty of perks that Roth IRAs have to offer, you don't want to open one for the wrong reason. And if you offer a Roth IRA because it's easy to pull money out of that account ahead of retirement, then you could end up doing yourself a major disservice.The downside of too much flexibilityIn addition to tax-free investment gains and … [Read more...] about This Is a Really Bad Reason to Open a Roth IRA | Personal Finance
2 Easy Moves to Make Now for More Social Security Later
Social Security will be one of your most important income sources in retirement. Although these benefits replace only around 40% of pre-retirement earnings, they're valuable because they're guaranteed to last for life and protected against the effects of inflation. While the average Social Security benefit isn't enough to live on by itself, there are some things you can do now … [Read more...] about 2 Easy Moves to Make Now for More Social Security Later