Roth workplace accounts, which have grown more popular in recent years, are about to get a shot in the arm from Uncle Sam. This week the federal government started rolling out a Roth option to 3.3 million employees who participate in its main retirement program. Unlike tax-deferred retirement accounts, Roth contributions are made with after-tax [...] [...more]
The Roth IRA became a cause for Jeff Rose several weeks ago during a talk he was giving to college students. Rose is a financial planner and blogger, and he was speaking to a group of soon-to-be graduating seniors at his alma mater, Southern Illinois University. Rose discussed savings, budgeting and investing tips. And during [...] [...more]
Seventy may be the new sixty — but not where the Internal Revenue Service is concerned. People who turned 70-1/2 last year must begin taking required annual withdrawals from their tax-deferred retirement accounts no later than Friday. Yet it seems that some of these seniors didn’t get the memo. Fidelity Investments reports that nearly half [...] [...more]
Inherited retirement accounts are truly one of those gifts that keep on giving because heirs can benefit for many years without much tax burden. But Congress is starting to talk about curtailing breaks on the accounts. A revenue-raising proposal floated in the Senate Finance Committee last week would sharply limit the time allowed for the [...] [...more]
You’re young and lucky enough to be gainfully employed, but it’s a hard time to be starting out in life – the job market is perilous, financial markets are volatile and the housing market’s direction is anyone’s guess. Is this any time to be thinking about saving for a secure retirement? Absolutely. Top retirement experts [...] [...more]
