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 ...

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.

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 ...

Discover how the IRS's Rule 72(t) lets you make penalty-free withdrawals from IRAs and other retirement accounts, including key calculations and examples.

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 ...

Roth conversions are a popular year-end tax strategy for younger retirees. Here is why it typically makes sense to wait until ...

If you’re not sure what a Roth IRA is, here is a quick recap on Roth vs. traditional IRAs. A traditional IRA can allow for a tax deduction and tax deferred growth until you take the money out. At that ...

Answer: If you got a deduction for contributing this money, and you want to keep the funds you’re required to withdraw, then yes, you have to pay taxes on these distributions.

(k) required minimum distributions start at age 73. Understand how to calculate when you have to take RMD withdrawals from ...

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 ...