IRA Archives

The Retirement Game-Changers You’ve Been Ignoring: Move Beyond 401(k) and IRA Now

When planning for retirement, there’s more to consider than relying on traditional retirement savings accounts. Each person has a unique vision of retirement, and no single approach can fulfill all goals. Early retirement serves as a good example. Among millennial workers, 52% express a desire to bid farewell to work early. However, it’s important to note that conventional retirement plans such as 401(k)s and individual retirement accounts (IRAs) impose penalties on withdrawals made before age …

How to Gold-Proof Your Retirement: Dodging IRS Pitfalls Like a Pro

As the volatility of the global economy becomes more palpable, the luster of gold is increasingly attractive for retirement planning. Enter the Gold Individual Retirement Account (IRA): a unique investment vehicle that blends the predictability of traditional retirement savings with the durability of precious metals. However, the Internal Revenue Service (IRS) rules governing Gold IRAs can be intricate, and misunderstanding them could lead to hefty penalties. Let’s stroll through the maze of IRS regulations to …

Forget Stocks and Bonds! Discover the Hidden Treasure of Silver IRAs

As investors seek to diversify their retirement portfolios beyond traditional assets like stocks and bonds, alternative investment options such as precious metals have gained popularity. One such option is a Silver Individual Retirement Account (IRA), which allows individuals to invest in physical silver within their retirement accounts. Here is what you should know about Silver IRAs and the benefits they offer to investors. Understanding Silver IRAs A Silver IRA is a type of retirement account …

Retire Like a Boss: Learn How to Buy Real Estate Using Your IRA

Planning for retirement can be made easier with the inclusion of an individual retirement account (IRA) in your portfolio. However, many people are unaware they can use their IRA to invest in real estate and further enhance their savings. Discover the advantages of having a real estate IRA and learn how to steer clear of any potential pitfalls. It’s important to seek guidance and advice from a financial advisor if you’re thinking of investing in …

Optimizing Your Retirement Accounts: A Mid-Year Guide

We delve into the optimal strategies for structuring retirement accounts, starting from the basics of diversification to leveraging the benefits of Roth accounts and Health Savings Accounts.

Here Is How High-Income Earners Can Enjoy A Roth Ira

Roth IRAs provide the advantage of tax-free growth on earnings and tax-free withdrawals during retirement. Nevertheless, there’s a catch: If your income exceeds the thresholds established by the IRS, you are ineligible to make direct contributions to a Roth IRA.

Power up Roth IRA: Smart Strategies for Retirees

Uncover smart strategies for maximizing the growth of your Roth IRA without compromising your cost of living adjustment (COLA). Learn how diversification, dividend-paying stocks, bond ladders, Roth conversions, and professional advice can bolster your retirement savings.

The Best Guide to Roth IRA Conversion for Retirees

Explore the benefits of Roth IRA conversion for retirees in this comprehensive guide. Understand what a Roth IRA conversion entails and why it might benefit your retirement finances.

The Best of Both Worlds: Roth Ira Annuity

There are a variety of financial vehicles available for retirement savings. A Roth individual retirement account and an annuity are both options. However, you can enjoy the best of both worlds with a Roth IRA annuity incorporating characteristics of both into one financial instrument.

Is Maxing out Your 401(k) the Best Option in 2024?

When saving for retirement, you now have several options to select from. One of your options may include a 401(k). Financing a 401(k) plan may result in an employer match, which is essentially free retirement money. Hence, if your employer plan offers a match, it pays to contribute enough to collect it in full. This may motivate you to contribute as much as possible to your employer’s 401(k).