A new academic study finds that, literally, smarter investors prefer Roth IRAs to traditional individual retirement accounts. Contributions to Roth IRAs are not tax-deductible, but withdrawals in retirement generally are tax-free - and there ...
We just noticed a great flow chart from T. Rowe Price Group designed to help savers prioritize contributions to their retirement accounts. The chart uses three questions. First, do Roth contributions makes sense for your situation? (The ...
Like many Americans, Mitt Romney has an individual retirement account. Unlike most Americans, Mr. Romney has between $20.7 million and $101.6 million in it, a big chunk of his fortune.
You probably know the conventional wisdom: When spending retirement savings, drain taxable accounts first, to give the money in tax-deferred 401(k)s and individual retirement accounts more time to grow, and leave tax-free Roth IRAs for ...
I am 78 and have been taking minimum distributions from my IRA. I use TurboTax and haven't encountered a provision to separately account for the after-tax contributions I've made. As far as I can tell, I am paying full tax on my ...
A larger share of people's savings is winding up in IRAs—even as estate-tax rules are getting trickier and the markets are growing more volatile.