What if you could invest your money in ways that also help achieve positive environmental and social impacts? Now you can — with an investing strategy known as socially responsible investing, or SRI. ...
Tag: IRA
iTrustCapital surpasses $5B in crypto IRA transactions
Cryptocurrency individual retirement accounts (IRA) provider iTrustCapital revealed Wednesday that the total transaction volume on its platform had surpassed $5 billion, marking a 60% increase in nine...
When a traditional IRA makes sense over a Roth account
Saving in an IRA makes sense whether you have a retirement plan at work or not, but investors then have to decide if a traditional or Roth account is better – as always, it depends. Retirement Tip of...
Can IRA Transactions Trigger the Wash-Sale Rule?
If you sell stock at a loss, you should be able to use the loss to offset gains on your income taxes, right? Right—except if you violate the wash-sale rule, which states that if you bought and sold th...
Is a Simplified Employee Pension (SEP) IRA Tax Deductible?
Payments made to a Simplified Employee Pension (SEP) IRA are tax-deductible for employers, but there is an annual limit on contributions. SEP IRAs are funded solely by the employer using tax-deductibl...
Powerful Vanguard Mutual Funds for Your Roth IRA
The Vanguard Group Inc., known as Vanguard, is one of the world’s largest investment management and advisory services companies. It’s primarily a mutual fund and ETF management company wit...
Here’s Another Reason to Do a Roth IRA Conversion. Your Heirs Will Thank You.
Dreamstime Text size If you’re planning to leave a tax-deferred account to your children, you may be able to save them a lot of money by doing Roth conversions while you’re alive. Suppose you have a ...
How Much to Put in a Roth IRA per Month
how much to put in roth ira per month Setting aside money regularly is one of the surest ways to save for retirement–especially when you take advantage of tax savings over time. Though some retirement...
Can I Roll My Sep IRA Into a Traditional IRA or Should I Convert to a Roth?
A simplified employee pension (SEP) IRA is a retirement savings plan established by employers—including self-employed people—for the benefit of their employees and themselves. Employers may make tax-d...
Can I Borrow From an IRA Without Penalty?
Individual Retirement Accounts (IRAs) offer account holders several tax advantages, such as tax credits, tax deductions, and tax deferrals on earnings. However, when money is withdrawn, the distributi...
Inherited IRA and 401(k) Rules Explained
Inherited individual retirement accounts (IRAs) have long been a method to allow non-spousal beneficiaries to inherit an IRA account and let the account continue to grow on a tax-deferred basis over t...
Should I use a 401(k) or an IRA to save for retirement? A traditional account or the Roth version? Here’s what to know
You can save on taxes while saving for retirement by using an IRA or a 401(k). But deciding the best account is not always straightforward. There’s also the Roth option for both, meaning four choices,...
How an IRA Works After Retirement
An individual retirement account (IRA), as the name implies, is a place to store those golden nest eggs for the golden years. But here’s an interesting fact: Many senior workers and new retirees...
How Are IRA Withdrawals Taxed?
The way individual retirement account (IRA) withdrawals are taxed depends on the type of IRA. You’ll pay tax on traditional IRA withdrawals. But with a Roth IRA, there is no tax due when you wit...
Using an Inherited IRA to Buy a Home
You can cash out an inherited IRA and use it to fund a major purchase like a house with no tax penalty, thanks to new rules established by the Setting Every Community Up for Retirement Enhancement (SE...
Opinion: I want to leave a Roth IRA to my sister with special needs — what’s the best way to do that?
Q.: I have a Roth IRA that I would like to leave to my sister. She has mental-health issues and I want to have a way to leave money to be distributed monthly without paying it all out in handling fees...
This Is How Much You Can Contribute to Your IRA
One of the surest ways to bolster your nest egg is to take advantage of special tax breaks offered by the IRS. That basic precept explains the popularity of individual retirement accounts (IRAs), one ...
Can I Invest My Traditional IRA’s RMD in a Roth IRA?
If you don’t need your required minimum distributions (RMDs) from your traditional IRA for living expenses, can it be reinvested in a Roth IRA? Yes, it can—assuming you are eligible for a Roth b...
Can I Fund a Roth IRA and Contribute to My Employer’s Retirement Plan?
You can contribute to both a Roth IRA and an employer-sponsored retirement plan, such as a 401(k), SEP, or SIMPLE IRA, subject to income limits. However, each type of retirement account has different ...
How to Convert a Nondeductible IRA Into a Roth IRA
If you have a nondeductible IRA, you can convert it into a Roth IRA and enjoy the Roth’s advantages, including tax-free withdrawals and no required minimum distributions (RMDs) during your lifet...
Bit IRA Crypto Customers Can Save More Money
Bit IRA – a leading digital currency firm that allows customers to fund their retirements with bitcoin and other forms of crypto – announced in a press release last week that it’s ending its monthly f...
Can a 70-Year-Old Open an IRA?
Whether or not you can open an individual retirement account (IRA) depends on several factors. There are no age restrictions for Roth IRAs or traditional IRAs, but there are other eligibility requirem...
Scared of investing during the Ukraine invasion? Try this IRA maneuver
Moe, Larry and Curly have been watching stock markets plunge in the past two weeks in response to the Ukraine invasion. Each wants to invest, say, $100,000 in European stocks—for example through Vangu...
Should you consider a Roth IRA conversion when the market drops?
If you’re considering a Roth conversion, stock market drops may make the strategy more appealing, according to financial experts. While the popular move, allowing higher earners to bypass inco...
Roth IRA Contributions with No Job?
The IRS gets a little grumpy if you contribute to a Roth IRA without what it calls earned income. That usually means that you need a paying job—working for either someone else or your own business—to ...
How Can You Borrow from a Roth IRA?
Before addressing the question of how to borrow from a Roth individual retirement account (Roth IRA), here’s a quick refresher on how a Roth IRA works. Contributions to a Roth IRA are not tax deductib...
How to Make an IRA Contribution as a Gift
Gifting your children or grandchildren with contributions to an individual retirement account (IRA) can give them the advantage of a longer period of tax-free savings. It is definitely a gift that kee...
IRA Financial Trust Hacked, Millions in Crypto Funds Stolen
It’s a real problem getting your crypto account hacked, but if it contains the funds you’re going to use to retire, well… Then the situation becomes even bigger, and for several customers of IRA Finan...
What’s The Cheapest Way To Help Adult Children?
You could cash in a pretax IRA, a Roth IRA or a highly appreciated stock. One strategy might be much better than the others. Assets getty We want to make a sizeable gift to our children—daughters in t...
Opinion: Russia just made a case for owning gold—and nobody noticed
Here’s a strong argument for adding some gold bullion to your retirement portfolio right now, alongside those stocks and bonds. And it comes courtesy of Pavel Zavalny, the head of the Russian parliame...