Those of us steeped in the personal finance blogosphere find it incredible to think that there are those who have no knowledge of the Roth IRA. However, it is true that at one time I had no idea what the Roth IRA was — and I was probably about the same age as the college […]
If you have an IRA, you probably know that withdrawing before you are 59.5 is a no-no. This is because you will be hit with a 10% penalty for early withdrawal. However, there are some ways you can avoid the 10% penalty. The IRS (in publication 590) offers a number of exceptions to the rule. […]
I live in an area where one-income households are common. One question I am often asked is this one: “How can I increase my retirement savings when my wife [husband] doesn’t work?” This is a common conundrum for many who have maxed out an IRA, and wish that they could open another tax advantaged retirement […]
We are rapidly approaching the fifth month of 2010. This year is notable for many things, and one of those is that this year it is possible for anyone — no matter his or her income — to convert a traditional IRA to a Roth IRA. There are some advantages to having a Roth IRA, […]
One of the things that many people wonder about is what accounts to invest in first. There are so many choices now, with online brokerages making it easy to open trading accounts. However, before you begin investing a great deal in a regular investment account, it’s a good idea to take stock of your tax […]
