Roth IRA

If you want to invest without any risk, then the stock market isn't for you. Despite the market's inherent risks, it's still an important piece of the best financial plans. You just need to understand the most important threats involved with investing and set yourself up to safely avoid them. These four risks aren't the only ones that you'll encounter, but they are important … [Read more...] about 4 Real Risks of Investing (and What to Do About Them)

Your long-term performance threshold.No one sets out to buy a clunker; you add stocks, bonds or funds to your portfolio expecting superior results.Sometimes, the early returns are particularly good; you buy a recent standout and the hot performance continues. That can make you comfortable sticking around even if performance regresses.Too often, investors stick with fallen … [Read more...] about Your Funds: Adding more controls to your investment process | Business News

Opening a Roth IRA (individual retirement account) for a child isn't typically on a list of priorities, but it's something to consider if you want to give your child a leg up. Any adult can open an account for a child and contribute after-tax dollars if the child has earned income from a job or other work. The real benefits start to kick in when you invest the contributions in … [Read more...] about 4 Benefits of Opening a Roth IRA for Your Kids

I thought I had to be rich to invest, but I also knew money grows the longer it's in the market. So with just a few dollars a week, I started investing with Acorns and contributed consistently. I also opened a Roth IRA after a little Google research and have been building wealth ever since. Read more … [Read more...] about Investing Used to Seem Too Hard, but Once I Got Started My Money Grew

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 Is Roth IRA better for young workers? – South Platte Sentinel

Q. I have a traditional IRA. The plan allows me to designate individuals, trusts or my estate as individual, but it does not recognize wills. I am older than the RMD start date. With my will, I want to establish trusts for certain beneficiaries, with payouts beginning at least 10 years from now, to avoid spendthrifts. How would it work in terms of taxes and the timing of the … [Read more...] about What happens to taxes and payouts with an IRA in a trust?

Q. I have a traditional IRA. The plan allows me to designate individuals, trusts or my estate as individual, but it does not recognize wills. I am older than the RMD start date. With my will, I want to establish trusts for certain beneficiaries, with payouts beginning at least 10 years from now, to avoid spendthrifts. How would it work in terms of taxes and the timing of the … [Read more...] about What happens to taxes and payouts with an IRA in a trust?

Suze Orman: Medicare is not free, so start doing this nowIf you’re counting the days until you turn 65 and won’t have to pay those brutal health insurance premiums anymore, Suze Orman has a harsh reminder for you.Medicare is far from free.“I want you to be clear-eyed about how much health care will cost you in retirement,” the money maven recently wrote on her blog, pointing to … [Read more...] about Medicare is not free, so start doing this now

News about PayPal founder Peter Thiel’s $5 billion tax-free IRA has prompted some wealthy clients to ask their advisors whether they can follow in his footsteps. But using what’s known as a backdoor Roth IRA comes with important considerations, which means the strategy may not work for many clients. In other top articles this week:   Merrill’s... … [Read more...] about Week’s Best: Wealthy Clients Ask About Backdoor Roth IRAs

Q: Hi Dan, A question about this topic that I cannot seem to find an answer for. My intent, upon death, is to leave my Roth IRA funds to my spouse, my sister, and my two nephews. Currently I have only one Roth account. In order that my spouse can simply treat her Roth inheritance funds as her own, should I set up two different Roth accounts; one for my spouse, and the other to … [Read more...] about Opinion: I want to split my Roth IRA between several family members when I die. What’s the best way to do it?