IRAs

You can have both a 401(k) and an individual retirement account (IRA) at the same time, in a nutshell. Having both sorts of accounts is actually pretty common. These plans are similar in that they both allow for tax-deferred savings (as well as tax-free gains in the case of the Roth 401(k) or Roth IRA). […]

When you put money into a Roth IRA, you’re putting money into an account that has already been taxed. If you follow all of the rules, you won’t have to worry about taxes later. Assume you invest $100,000 over the course of 20 years, and your account increases to $700,000. You can withdraw all of

Unfortunately, whether you have a standard or Roth IRA, there is no such thing as an IRA loan. Individual retirement arrangements, or IRAs, are not set up in the same way as 401(k) accounts and other employer-sponsored retirement plans, which allow members to borrow and repay a debt over time. In fact, if you remove

The majority of individual retirement accounts, or simply IRAs, are handled by custodians or trustees on behalf of investors – typically banks or broker-dealers – and invest in stocks, bonds, mutual funds, and certificates of deposit (CDs). Traditional IRAs, Roth IRAs, Simplified Employee Pension (SEP) IRAs, and Savings Incentive Match Plan for Employees (SIMPLE) IRAs

A SIMPLE IRA, or savings incentive math plan for employees, is a retirement account set up by your company as a substitute for a 401k plan while still allowing the employer to offer retirement benefits. The Internal Revenue Service, unlike a 401k plan, does not allow you to borrow money from your SIMPLE IRA. You

While most Roth IRAs aren’t built for active trading, skilled investors can use stock options to protect their portfolios from losses or produce additional income. These techniques can help investors increase long-term risk-adjusted returns while lowering portfolio churn. To avoid potential difficulties with the IRS’ guidelines and taking on excessive risks with assets planned to

Unfortunately, whether you have a standard or Roth IRA, there is no such thing as an IRA loan. Individual retirement arrangements, or IRAs, are not set up in the same way as 401(k) accounts and other employer-sponsored retirement plans, which allow members to borrow and repay a debt over time. In fact, if you remove

Do you have any options in your IRA? That’s not something you hear about very often. Some people believe it is impossible. But, in a nutshell, yeah. You certainly can. While you may not be able to trade every option strategy available, you are not restricted to just one or two. Possibilities-only techniques, which you

Regardless of age, a non-spousal beneficiary can use inherited IRA assets to buy a home (or anything else) without penalty. The SECURE Act, which requires most non-spousal beneficiaries to exhaust inherited IRAs within 10 years, may have made such large acquisitions more appealing. Can you take a loan from an inherited IRA? No. The only

Mike Scanlin, CEO of Born To Sell, an online service for covered-call traders, says, “Yes, you can trade options in IRAs.” “By far the most prevalent approach is covered calls.” Can an IRA hold options? Options, when handled correctly, may be a very flexible investment. Speculating is a term used by certain traders to describe