IRAs

You have two main options from here: a Traditional IRA or a Roth IRA (named for the senator who created the plan). Your age, income level, and estimated future tax bracket all play a role in determining which one is ideal for you. Let’s start with the similarities between the two. The Traditional IRA and […]

If you expect to have a better income in retirement than you do today, a Roth IRA or 401(k) is the best option. A regular IRA or 401(k) is likely the better bet if you expect your income (and tax rate) to be lower in retirement than it is now. A typical IRA permits you

Because many children do not earn enough money to qualify for the regular IRA’s up-front tax deduction, Roth IRAs are the best option in most circumstances. The Roth IRA is the IRA of choice for children with little income now, as well as those who are projected to be in a higher tax band in

Each account serves a distinct purpose. In general, a brokerage account is used to invest in the stock market, whereas an IRA is used to plan for retirement. Why IRAs are a bad idea? That distance is measured in time in the case of the Roth. You’ll need time to recover (and hopefully exceed) the

A brokerage account is subject to different tax requirements than an IRA. A brokerage account is subject to taxation. If you keep your investment instruments in your account for more than a year, you can pay the reduced long-term capital gains rate of 15%. Contributions to a Roth IRA are made after taxes. Can you

In many circumstances, a Roth IRA is a better option than a 401(k) retirement plan because it provides a more flexible investment vehicle with more tax advantages—especially if you expect to be in a higher tax band in the future. A 401(k) is hard to beat if your income is too high to contribute to

If you expect to have a better income in retirement than you do today, a Roth IRA or 401(k) is the best option. A regular IRA or 401(k) is likely the better bet if you expect your income (and tax rate) to be lower in retirement than it is now. A typical IRA permits you

Income-oriented stocks—common shares that pay big dividends or preferred shares that pay a large amount on a regular basis—are one of the greatest types of equities for Roth IRAs. When you own stocks in a non-retirement account, you usually have to pay taxes on any dividends you receive. The rate could be as high as

A SEP-IRA is a great way for a self-employed person or single practitioner to save for retirement, and because it has a greater maximum contribution limit than a standard IRA, you can save more in good years than you would be able to otherwise. If you are self-employed, we strongly advise you to obtain the

If you expect to have a better income in retirement than you do today, a Roth IRA or 401(k) is the best option. A regular IRA or 401(k) is likely the better bet if you expect your income (and tax rate) to be lower in retirement than it is now. A typical IRA permits you