The two main types of IRAs are traditional IRAs and Roth IRAs. A traditional IRA is a tax-deferred investment account, meaning qualified contributions are tax-deductible in the year they are made.

For 2025, single filers must have a modified adjusted gross income (MAGI) of less than $150,000 to contribute the Roth IRA maximum of $7,000, or $8,000 for those age 50 or older. For married couples, ...

Roth IRAs, on the other hand, do not offer a tax break on contributions. Instead, they offer tax-free gains and withdrawals, ...

Backdoor Roths and mega backdoor Roths are strategies used by high earners who aren’t eligible to contribute to Roth IRAs due to the income limits. The backdoor Roth and mega backdoor Roth strategies ...

Changing jobs multiple times during your career has become the norm, and many employees forget about their 401(k) plans when they do. According to the U.S. Department of Labor, there are currently ...

At age 55 with $900,000 in a traditional individual retirement account (IRA), converting $100,000 per year to a Roth IRA ...

One option is to reinvest that money, and a Roth IRA would seem to be a perfect choice: withdrawals from Roth accounts are tax-free – including all gains on your investments – and you’ll ...

If you have a Roth IRA or are thinking of getting one, you may be looking at ways to incorporate the account into your long-term plan. Established in 1997, the Roth individual retirement account ...

First National Bank of America is a Michigan-based institution with IRA CD rates that rival even the best online banks. But you must open a Traditional or Roth IRA CD at a local branch ...

Is there a time I should start withdrawing from a Roth IRA or should I just leave it for my heirs? When inheriting a Roth, ...