What Should You Know about IRA Worried that you don’t have a 401k? Don’t worry - the Individual Retirement Account (IRA), is the perfect solution for you as it is one of the best investments you are going to make so as to enjoy the fruits after retiring! There are various types of IRAs available right now, which offer a myriad of tax benefits, but withdrawal regulations are quite strict so that investors don’t misuse the privilege. … [Read more...]
How much will my Roth IRA be worth at retirement?
Why Roth IRA is more suitable for you To enjoy a relaxed and tension-free lifestyle after retirement, you need to plan it from before. Ideally, most people go for a 401k plan and sometimes it is set up by the company they are employed in. There are other traditional qualified plans too such as IRA, SEP, SIMPLE IRA. However, it is best to opt for Roth IRA because it has a lot of benefits as compared to its counterparts. … [Read more...]
Which is better for me, a Traditional IRA or a Roth IRA?
Traditional IRA or Roth IRA – Which is Better for You? How to make sure you are well taken care of post-retirement? The commonly used retirement plan is usually 401k that is sometimes set up by employers for their company personnel. However, for self-employed people, and for those who don’t have a 401k plan, there are two other options available as the primary retirement account - Individual Retirement Accounts (IRAs) and Roth Individual Retirement Accounts (Roth IRAs). What are IRAs and Roth … [Read more...]
