Individuals open IRAs on their own—unlike employer-run 401(k)s. Traditional IRAs use deductible pretax income, and taxed only ...

Converting a traditional individual retirement account to a Roth IRA is a powerful way to reduce taxes in retirement. Essentially, you’re choosing to pay taxes now in exchange for tax-free withdrawals ...

Having financial flexibility in retirement — especially in being able to maximize your spending while minimizing your taxes — is an optimal situation. And it’s one you can arrange by keeping at least ...

When it comes to retirement planning, the best strategy is uniquely different for every person and the process can be confusing. That’s why there are so many financial planners out there. However, ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. A 42-year-old Redditor is trying to decide whether to ...

You might think the choice between a Roth and a traditional individual retirement account comes down to taxes. While taxes play a role in this decision, investors shouldn’t overlook other factors, ...

While a conversion can be the right thing for some retirees or soon-to-be-retirees to do, finance experts suggest 10 times ...

Given the number of rules surrounding Roth IRAs, sometimes it may be hard to separate fact from fiction. Roth IRAs aren't just for young workers. Regardless of age, a Roth can benefit anyone's ...

How well does AI answer this nuanced financial question? IRA expert Andy Ives critiques Perplexity’s response and highlights what it got right, what it got wrong and what it missed entirely. As part ...

Roth IRAs allow for tax-free withdrawals in retirement. The only investments you can make in a 401(k) are those your plan provides, which can be limiting. Roth IRAs have early withdrawal exceptions ...

If you're a new investor, you have several decisions to make. For example, you must determine where to invest. Ideally, you want an investment vehicle that allows your money to grow steadily over time ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. One of the most important decisions anyone has to make in ...