What Senator William Roth Envisioned for the Roth IRA

The Roth IRA has become one of the cornerstones of American retirement planning. However, in the two decades since its inception, William Roth helped create these tax-advantaged accounts has largely faded from public memory. A Little History A look back at Senator William Roth Jr.’s vision for the investment vehicles helps explain their long-term popularity. … Continued

Should You Have a Beneficiary on Your Roth IRA?

The short answer is yes. Coming face to face with your mortality probably isn’t something you want to think about, but if you don’t plan for it, you might force your loved ones to spend time in court figuring out who gets your money instead of mourning your loss. That’s why you have to have … Continued

Best Places to Roll Over a 401(k)

Quick Summary When deciding where to do a 401k Rollover, you’ll want to look at 1) fees, 2) investment choices and 3) customer service. First, you’ll need to decide if a 401(k) rollover is right for you. But once you’ve decided to move your money from an employer controlled 401(k) to an IRA that you … Continued

Where should I open a Roth IRA?

Almost all brokerage firms will offer a Roth IRA. You should consider a brokerage like Fidelity or E*Trade that offer low-cost funds. “Lifecycle” funds that automatically rebalance and adjust over time are especially good for Roth IRAs.

Who qualifies for a Roth IRA?

You can’t contribute to a Roth IRA if you make too much money. For singles, this starts at $118,000. For married couples, it is $184,000.

Why would I want a Roth IRA?

Roth IRAs are best when you think your taxes will be higher in retirement than they are right now. They can be especially good for young savers or in years when you don’t have much other income.