Withdrawing From A Traditional IRA: How It Works, Penalty Exemptions And Drawbacks Traditional IRAs are funded with pretax or tax deductible dollars, meaning that you don’t pay taxes on the income that you put into your IRA. When you retire and begin taking money out of the account, you’ll pay regular income tax on your withdrawals (also called distributions). Basically, with a … [Read more...] about IRA Withdrawal For Home Purchase
Simple IRA
6 lessons physicians can benefit from on Financial Awareness Day
National Financial Awareness Day (August 14) is almost upon us. What better way to celebrate than to come up with a few financial strategies that could save you thousands in the long run?ADVERTISEMENT -SCROLL TO KEEP READINGMedical school taught you a great deal, but while you’ve been meticulously trained to manage any case that comes your way, you may not have received the … [Read more...] about 6 lessons physicians can benefit from on Financial Awareness Day
Exactly How I’d Invest $5,000 if I Had to Start From Scratch Today | Personal Finance
With a mere 0.2% annual fee and almost no turnover, the Invesco S&P 500 Equal Weight ETF has a good combination of low fees and low churn that give index funds their edge. All in all, there are lots of reasons to believe that ETF has what it takes to be worth owning as a reasonable first investment in any investor's long-term portfolio.Why all at once?While $5,000 is a … [Read more...] about Exactly How I’d Invest $5,000 if I Had to Start From Scratch Today | Personal Finance
Interview with Wealth Noir Founder: How People of Color Can Achieve Financial Freedom
The racial wealth gap is one of many systemic challenges that the Black community and people of color face when working to secure their financial futures. But there are many resources available to help you along your way and groups of people who have similar goals, including at Wealth Noir. In this Motley Fool Live video recorded on July 23, Fool.com editor Desiree Jones … [Read more...] about Interview with Wealth Noir Founder: How People of Color Can Achieve Financial Freedom
Expensive Mistakes People Make With Their IRA Savings
Making mistakes with your IRA accounts can be very costly. Choosing the right type of IRA can save thousands of dollars in taxes. Not investing an IRA correctly can keep your account from growing as much as possible. Read more Personal Finance Insider coverage » Saving for … [Read more...] about Expensive Mistakes People Make With Their IRA Savings