With a Roth IRA, you contribute after-tax dollars, so there is no tax deduction when you put money in. The benefit comes later because your investments grow tax-free and qualified withdrawals in ...

Roth IRA contribution withdrawals are always tax and penalty-free. However, if you pull your Roth earnings too early, you’ll likely have to pay a penalty or taxes, unless you qualify for an exception.

Being familiar with Roth IRA withdrawal rules plays a role in maximizing your savings, as your Roth IRA contribution withdrawals are always tax and penalty free. However, if you pull your Roth ...

A Roth 401(k) is a type of retirement savings account that combines elements of a traditional 401(k) with features of a Roth IRA. Unlike the traditional 401(k), contributions to a Roth 401(k) are made ...

When it comes to saving and investing for retirement, there aren't many better routes than utilizing retirement accounts. The most popular option is a 401(k), but it's not the only viable option. IRAs ...

Oh boy! Did I get your attention? You say, “But Kelly! I thought all Roth IRA distributions were tax free!” I say, “Not so fast, Sparky.” This is embarrassing. I used to think like you. Then I got my ...

Although saving and investing for retirement looks different for everyone, the end goal is typically the same for most people: ensure you have enough saved to have as financially stress-free of a ...