TikTok Exposed a Major Mistake You May be Making in Your Roth IRA

conceptual-hand-written-text-showing-roth-ira-SmartAsset TikTok is hit or miss for accurate advice on finance topics. Although the “#finance” hashtag has amassed over 989 million views, th...

I retired at 62, am living on a pension and Social Security, and have an IRA but haven’t withdrawn from it. For my whole life, I did all my investing on my own. But with so much at stake now, do I need professional help?

Do you need a financial planner? Getty Images Question: I retired at 62, and I’m living on a pension and Social Security. I have an IRA but haven’t withdrawn from it. I’ve been my own planner up to th...

How Joe Manchin Enabled President Biden’s Assault On The Coal Industry

TOPSHOT – US President Joe Biden signs the Inflation Reduction Act of 2022 into law during a … [+] ceremony in the State Dining Room of the White House in Washington, DC, on August 16, 202...

My Child Works a Low-Paying Job. Is ‘This a Great Time’ for Them to Max Out a Roth IRA?

Ask an Advisor: My Child Works a Low-Paying Job. Is ‘This a Great Time’ for Them to Max Out a Roth IRA? My child is in a low-paying job that puts them into a 0% or maybe a 10% marginal tax...

Prime Trust Unveils All-in-One IRA Solution – crypto.news

Prime Trust has now opened up its Individual Retirement Account (IRA) to the general public today. This followed the successful running of the product’s beta program. The beta version was launched in ...

Prime Trust Crypto IRA Set To Leave Beta as Bitcoin Volatility at Historic Low

The IRA offerings include options with exposure to bitcoin, ether, solana, litecoin, cardano and avalanche tokens Prime Trust launched its beta crypto IRA in March When Prime Trust launched its beta t...

6 Steps to Using Your IRA to Buy Real Estate

SmartAsset: How to Buy Real Estate With Your IRA An IRA, or individual retirement account, may already play an important role in your overall retirement plan. What you may not realize about this kind ...

401(k) And Other Retirement Savings Limits Will Jump Record Amounts In 2023

Young workers will be allowed to contribute up to $22,500 pretax to a 401(k) in 2023, while those 50 and older will be able to sock away $30,000. getty The Internal Revenue Service announced today tha...

Help Me Understand the ‘Best Way’ to Manage an IRA. Is It Better to Pay Taxes Now or in Retirement?

Michele Cagan  Which is the best way to handle an individual retirement account (IRA)? Let it sit and earn money, then pay taxes on the withdrawals in retirement? Or roll it over to a Roth IRA? Should...

$28 Billion In New Clean Energy Manufacturing Investments Announced Since Inflation Reduction Act Passed

The Inflation Reduction Act is the most important climate legislation in United States history, but will it actually generate private investment in new manufacturing? In a word, absolutely. Roughly $2...

Crypto IRA platform iTrustCapital launches a staking program

iTrustCapital, a leading crypto Individual Retirement Account (IRA) software platform, has launched a staking program that will see clients earn rewards when they hold their crypto assets within IRAs....

Buying stocks for dividend income? Read this first

There is nothing wrong in principle with buying stocks for the income they generate, through dividends, instead of growth. It’s a strategy that’s especially appealing to retirees and others who need t...

Roth IRA and Roth 401(k): the world would be a better place without them

One can make a strong case for getting rid of the Roth version of both 401(k)s and IRAs. While having two forms of retirement saving is lovely for young professionals who know their tax rates will be ...

Are Others Trying To Convince You To Play Politics With Your Retirement Savings?

getty It’s been the craze for several years now as the generational change in demographics highlights new marketing trends, but it has come under fire lately from several different directions. What is...

Good Paying Jobs And Revitalized U.S. Manufacturing

The Inflation Reduction Act is not just historic climate policy, its historic jobs policy, capable of creating an estimated 9 million jobs over the next ten years according to the Blue Green Alliance....

How To Cash In On Billions In Green Home Improvement Tax Credits And Rebates

The new Inflation Reduction Act aims to arrest climate change by providing incentives for everything from solar panels to heat pumps to new windows to electric stoves. getty On August 16, President Jo...

Investing In The Clean Energy Credit Revolution

AFP via Getty Images Key takeaways The Inflation Reduction Act funds billions in clean energy credits to promote the development and advancement of green tech The goal is to reduce inflation and carbo...

Thinking about a Roth conversion? If you have an IRA, consider this ‘bear market bonus’

If you’ve been thinking about converting a traditional IRA to a Roth IRA, here’s the good news: This year’s market turmoil may be giving you a golden opportunity to do it. That’s because the stocks an...

Roth IRA vs. Traditional IRA: Key Differences

Roth IRA vs. Traditional IRA: An Overview An individual retirement account (IRA) is a way to save for retirement and save on taxes as well. Designed primarily for self-employed people who don’t ...

How The Inflation Reduction Act Could Cause A Lithium Crunch

This aerial view shows the Salton Sea near Calipatria, California. Huge reserves of lithium are … [+] fostering hope among the communities around California’s largest lake. (Photo by Robyn...

Advantages of a Gold IRA

Gold is a precious metal that has been valued and treasured throughout history, even though its purpose and use have changed over the years. Now gold is looked to as a form of investment similar to st...

How to Avoid Paying Taxing on IRA Withdrawals

avoid taxes on ira withdrawals There are plenty of ways to minimize your tax liability and that’s especially true when you have worked hard to sock away retirement money. Tax advisors are constantly s...

Former Fidelity Exec Rick Synrod Joins Bitcoin IRA

Rick Synrod – a former executive with 401k and retirement giant Fidelity – will take over as the new chief operations officer for Bitcoin IRA, a digital currency platform that allows people to place t...

What Hath Washington Wrought: Part 3

US President Joe Biden signs the Inflation Reduction Act of 2022 into law. (Photo by MANDEL NGAN / … [+] AFP) (Photo by MANDEL NGAN/AFP via Getty Images) AFP via Getty Images This is the last in...

Here’s When The Roth IRA 5-Year Rule Could Cost You Money

SmartAsset: Understanding the Roth IRA 5-Year Rule The Roth IRA five-year rule will not allow you to withdraw tax-free earnings from your account until five years after your first contribution unless ...

Should You Convert an IRA to Roth After You Turn 60?

Retirement savers who convert pre-tax retirement accounts such as IRAs to after-tax Roth IRAs after reaching age 60 can keep growing funds tax-free and then make withdrawals in retirement without payi...

Backdoor Roth IRA: Pros, Cons, and Examples

Contents If your income exceeds the limits to contribute directly to a Roth IRA, you may have heard about the so-called ‘Backdoor Roth IRA,’ which allows traditional IRA conversions to Rot...

The IRA: What Hath Washington Wrought?

US President Joe Biden signs the Inflation Reduction Act. (Photo by MANDEL NGAN / AFP) (Photo by … [+] MANDEL NGAN/AFP via Getty Images) AFP via Getty Images This is the first of a three-part se...

Millions Of Efficient Electrified Buildings

Hadley Tallackson is a co-author of this article. The Inflation Reduction Act (IRA) is the most significant climate legislation in United States history. Energy Innovation Policy and Technology LLC®mo...

The Ultimate Price Of Government Price Controls

WASHINGTON, DC – AUGUST 16: U.S. President Joe Biden (C) signs The Inflation Reduction Act with … [+] (L-R) Sen. Joe Manchin (D-WV), Senate Majority Leader Charles Schumer (D-NY), House Ma...

Billions In Just Transition Funding For Coal Communities

Michelle Solomon is a co-author of this article. The Inflation Reduction Act (IRA) is the most significant climate legislation in United States history. Energy Innovation Policy and Technology LLC® mo...

Electric Utilities Hit Renewable Pay Dirt With IRA Passage

Electric cooperatives cover more than half the nation’s land area. National Rural Electric Cooperative Association Christmas came early in the electric utility industry this year. To be precise,...